Amazing that next years PE is lower for KORS than for Coach right now. Coach has declining profits and revenues. KORS smoked top and bottom line earnings and growing over 40%. Same store sales through the roof for KORS and in decline for Coach. Talk about bizarro trading world.
KORS should trade at a PE in line with its growth rate of 40 at least. Stock should be north of 150/share right now for KORS. I know some analysts have targets in the 120 range. I believe we'll see things adjust properly in the coming months and holiday season as KORS is still firing on all cylinders.