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

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 Retail industry higher today making it today's featured retail winner. The industry as a whole closed the day up 1.0%. By the end of trading, Michael Kors Holdings rose $1.40 (1.9%) to $73.15 on light volume. Throughout the day, 2,225,869 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,421,700 shares. The stock ranged in a price between $71.53-$73.52 after having opened the day at $71.53 as compared to the previous trading day's close of $71.75. Other companies within the Retail industry that increased today were: Guess ( GES), up 12.8%, Pacific Sunwear ( PSUN), up 10.7%, Cache ( CACH), up 7.1% and ValueVision Media ( VVTV), up 5.6%.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $14.7 billion and is part of the services sector. Shares are up 39.6% 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 negative front, Fresh Market ( TFM), down 11.6%, China Jo-Jo Drugstores ( CJJD), down 9.1%, Genesco ( GCO), down 9.1% and Acorn International ( ATV), down 3.2%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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