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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Michael Kors Holdings ( KORS) pushed the Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 2.4%. By the end of trading, Michael Kors Holdings fell $0.77 (-1.1%) to $71.23 on average volume. Throughout the day, 3,746,567 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,881,000 shares. The stock ranged in price between $70.20-$71.80 after having opened the day at $71.78 as compared to the previous trading day's close of $72.00. Other companies within the Specialty Retail industry that declined today were: Sport Chalet ( SPCHA), down 11.4%, Zale Corporation ( ZLC), down 11.3%, Odyssey Marine Exploration ( OMEX), down 9.6% and China Auto Logistics ( CALI), down 9.1%.

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 $14.7 billion and is part of the services sector. Shares are up 41.1% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 2 rate 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, Trans World Entertainment ( TWMC), up 3.4%, Zagg ( ZAGG), up 2.4% and Winmark Corporation ( WINA), up 1.6%.

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

If you liked this article you might like

Michael Kors Stock Has Nearly 50% Upside Even With Amazon Crushing Everyone

Here's How Apple Could Surprise Us With an Improved Apple Watch

How Fitbit's New Smartwatch Can Boost Its Sagging Top Line