Michael Kors Holdings Ltd (KORS): Today's Featured 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 Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Michael Kors Holdings fell $2.41 (-3.2%) to $73.21 on heavy volume. Throughout the day, 5,875,117 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,478,400 shares. The stock ranged in price between $73.16-$76.34 after having opened the day at $76.20 as compared to the previous trading day's close of $75.62. Other companies within the Retail industry that declined today were: Urban Outfitters ( URBN), down 10.2%, ValueVision Media ( VVTV), down 3.3%, New York & Company ( NWY), down 2.9% and dELiA*s ( DLIA), down 2.6%.

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 $15.4 billion and is part of the services sector. Shares are up 48.3% year to date as of the close of trading on Monday. 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, Christopher & Banks Corporation ( CBK), up 12.1%, LightInTheBox ( LITB), up 9.9%, Tuesday Morning Corporation ( TUES), up 9.7% and Coastal Contacts ( COA), up 7.8% , were all gainers within the retail industry with Lowe's Companies ( LOW) 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.

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