The market corrected in August and KORS ripped higher by 10%! The stock traded from $67 to $74! In September the market advanced nicely and KORS trade up to a new high of $78.62. Currently, the stock is nearly 5% off its high and consolidating the recent gains. KORS will announce the reporting date of its next earnings call soon, and I expect it to be November 12 (second Tuesday in November).
The stock market is likely to continue its correction in October, and KORs is likely to remain range bound. But, once the month turns on the calendar; I see big things for KORS through the rest of 2013! My $90 price target will be reached.
Bigger and better things loom in 2014 for KORS shareholders. Something to think about while the market corrects.