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Michael Kors Holdings Limited Message Board

  • creativeforce65 creativeforce65 Mar 18, 2013 7:07 PM Flag

    goldman was absolutely correct pre earning now again pounds the table !

    according to the report i read
    channel checks look solid -

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    • I do not know what channel checks you are referencing. I have visited three stores (SanFrancisco, Stanford, and Valley Fair) and business seems to be good but not like Christmas season. I have no doubt that KORS will crush EPS estimates this quarter.

      I notice at every store men are there, and buying things for their lady friends (I do the same thing). Most ladies are capable of buying their luxury accessories but, a happy wife is a happy life, and they love receiving gifts. It got me to thinking if there were more items for men to buy they could get their lady friends a nice gift, and buy something for themselves. There is huge growth potential in their men's apparrel.

    • All good news.

      • 2 Replies to richrusso300
      • Michael Kors Holdings Ltd Receives “Conviction-Buy” Rating from Goldman Sachs (KORS)
        Posted by: Pezhman Azimi Posted date: March 18, 2013 In: Analyst Articles - US, Markets
        Michael Kors Holdings Ltd (NASDAQ: KORS)‘s stock had its “conviction-buy” rating restated by equities researchers at Goldman Sachs in a report issued on Monday. They currently have a $80.00 target price on the stock.

        Shares of Michael Kors Holdings Ltd (NASDAQ: KORS) traded up 1.88% during mid-day trading on Monday, hitting $58.46. Michael Kors Holdings Ltd has a one year low of $35.50 and a one year high of $65.10. The stock’s 50-day moving average is currently $58.53. The company has a market cap of $11.668 billion and a P/E ratio of 33.63.

        Michael Kors Holdings Ltd (NASDAQ: KORS) last posted its quarterly earnings results on Tuesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.23. The company had revenue of $636.80 million for the quarter, compared to the consensus estimate of $540.30 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 70.4% on a year-over-year basis. Michael Kors Holdings Ltd has set its Q4 guidance at $0.32-0.34 EPS and its FY13 guidance at $1.80-1.82 EPS. Analysts expect that Michael Kors Holdings Ltd will post $1.86 EPS for the current fiscal year.

        Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners upgraded shares of Michael Kors Holdings Ltd from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, March 13th. Separately, analysts at Citigroup reiterated a “buy” rating on shares of Michael Kors Holdings Ltd in a research note to investors on Tuesday, March 12th. They now have a $75.00 price target on the stock. Finally, analysts at Buckingham Research reiterated a “buy” rating on shares of Michael Kors Holdings Ltd in a research note to investors on Tuesday, March 12th. They now have a $55.00 price target on the stock.

        Thirteen investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and one has given a hold rating to the company. The stock has a consensus rating of “buy” and an average target price of $74.71.

      • agree and like it

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