Credit: Shutterstock photoMichael Kors Holdings LimitedKORS was a big mover last session, as the company saw its shares surge a massive 24% on the day. In the third-quarter of fiscal 2016, the luxury lifestyle retailer reported earnings per share of $1.59, which increased 7.4% year over year and also surpassed the Zacks Consensus Estimate of $1.46. This led to solid volume too with far more shares changing hands than in a normal session. This continues the most recent uptrend of the company, as the stock has risen about 24.1% in the past one-month time frame.
In the last 30 days, the company witnessed 2 downward estimate revisions and the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Michael Kors Holdings currently has a Zacks Rank #3 (Hold).
An attractive player in the same industry includes Hanesbrands Inc. HBI with a Zacks Rank #1 (Strong Buy).
Is KORS going up? Or down? Predict to see what others think: Up or Down
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HANESBRANDS INC (HBI): Free Stock Analysis Report
MICHAEL KORS (KORS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
