NEW YORK (TheStreet) -- Shares of Michael Kors (KORS) ended Wednesday's trading day with a 24% decline in value, making this TheStreet's Move of the Day. The stock price at the market's close was $45.93, representing a decline of almost 39% for the year to date.

The retailer reported fiscal 2015 fourth-quarter earnings of 90 cents per share, missing analysts' estimates by a penny. As for the top line, revenue rose almost 18%, to $1.04 billion, slightly below estimates of $1.08 billion.

Perhaps the biggest disappointment for the quarter was the 6.7% decline in comparable store sales, a key industry metric. Analysts had expected a 4.4% rise.

"Fiscal 2015 marked another year of sales and earnings growth in excess of 30%," said John Idol, chairman and CEO of Michael Kors. "While we were faced with a number of headwinds in the fourth quarter, we were pleased with the strong performance across our segments and geographies."

As of March 28, the company was operating 526 store, a rise from 405 during same time last year.

The company also repurchased more than 1.4 million shares, totaling about $92 million.

As for its outlook, the company expects fiscal 2016 earnings to be from $4.40 to $4.50 per diluted share, less than the $4.70 analysts anticipated. Its revenue expectations of $4.7 billion to $4.8 billion were less than analysts' forecasts for $5.05 billion.

"Looking at fiscal 2016, this will be a year of strategic investments as we continue to develop our powerful platform to support the numerous growth initiatives that are now under way," Idol said. "We see multiple top-line growth opportunities through international expansion, digital e-commerce flagships, new store openings and additional shop-in-shop conversions in our wholesale channel."

TheStreet Ratings team rates Michael Kors Holdings as a buy with a ratings score of B-. TheStreet Ratings Team has this to say about its recommendation:

"We rate MICHAEL KORS HOLDINGS LTD (KORS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."

You can view the full analysis from the report here: KORS Ratings Report

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