first target is about 70 for March quarter. Just witnessing a lot of selling winners in fear of higher tax rates and the fact that earnings were a while ago and people forget that they guided higher and then crushed even those numbers. Just look at financial releases in last quarter starting with June earnings release and then guidance...and then the preannouncment in September and then the actual earnings for last quarter; you can do that for past 3 quarters. When you see an analyst say negative things (he only started covering company in September 2012!!), it is mindboggling to me.
That is why those that say it is expensive don't really follow the company. They are just looking at the published numbers. This company sandbags expectations more than any company I have ever come accross. That is why KORS is on Goldmans conviction buy list while Coach is a sell. Just have to wait and see how it plays outs.