Michael Kors Holdings Ltd (KORS): Today's Featured Retail Laggard

Michael Kors Holdings ( KORS) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Michael Kors Holdings fell $1.17 (-1.8%) to $62.65 on average volume. Throughout the day, 3,621,533 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,656,800 shares. The stock ranged in price between $61.81-$62.81 after having opened the day at $62.50 as compared to the previous trading day's close of $63.82. Other companies within the Retail industry that declined today were: Mercadolibre ( MELI), down 4.3%, Liquidity Service ( LQDT), down 3.8%, U.S. Auto Parts Network ( PRTS), down 2.9% and Coastal Contacts ( COA), down 2.7%.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retail of branded women's apparel and accessories, and men's apparel. The company sells its products primarily under the names of Michael Kors, MICHAEL KORS, MICHAEL MICHAEL KORS, and KORS MICHAEL KORS. Michael Kors Holdings has a market cap of $13.0 billion and is part of the services sector. Shares are up 25.8% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Michael Kors Holdings as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

On the positive front, Arden Group ( ARDNA), up 16.9%, RadioShack ( RSH), up 8.6%, Alon Blue Square Israel ( BSI), up 6.4% and Pharmerica Corporation ( PMC), up 5.5% , were all gainers within the retail industry with Saks Incorporated ( SKS) being today's featured retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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