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Michael Kors Holdings Limited Message Board

  • qofaslave69 qofaslave69 Aug 22, 2013 1:51 PM Flag

    Institutions Buying KORS

    Halvorsen and his team rounded out their top five picks by disclosing ownership of more than 13 million shares of Michael Kors KORS +0.89% . Bulls explain the fact the stock trades at 31 times trailing earnings by pointing to some truly astounding growth rates: net income grew over 80% in the company's most recent quarter compared with the same period in the previous fiscal year. Wall Street analysts are also bullish: based on their expectations for continued growth, Michael Kors's forward earnings multiple is only 21 and the five-year PEG ratio is almost exactly 1.

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