QUOTE AND NEWS
StreetInsider.com  May 13  Comment 
The following is a list of notable articles to help get you through the lunch hour: JPMorgan's (JPM) Dimon Might Not be as Key as He Thinks.... -> Read this! Solar Stocks Ramp as China Plans Ways to Support Industry (LDK) (STP) (TSL) -> Read...
Benzinga  May 13  Comment 
In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Overweight rating and $71.00 price target on Michael Kors Holdings Ltd. (NYSE: KORS), and added the company to the Morgan Stanley Best Ideas list. In the...
MarketWatch  Apr 23  Comment 
Coach shares jump 10% to be the second biggest gainer in the S&P 500, after the upscale handbag designer reported a fiscal third quarter profit upside and eased concerns about slowing sales growth in North America and China.
Benzinga  Mar 27  Comment 
Erinn Murphy, an analyst at Piper Jaffray, believes Michael Kors (NYSE: KORS) will report stronger-than-expected fourth quarter revenues. Murphy found that the weekly web search traffic rose 69% YoY and believes this will convert to higher...
StreetInsider.com  Mar 18  Comment 
Crossing and above: Advanced Micro Devices (NYSE: AMD) - up 2.3 percent. AMD has bee flattish lately, but a two-notch upgrade at Macquarie from Underperform to Outperform is raising the stock up today. Michael Kors (NYSE: KORS) - up 1.6...
StreetInsider.com  Mar 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Avondale+Partners+Upgrades+Michael+Kors+%28KORS%29+to+Market+Outperform/8181042.html for the full story.
Benzinga  Mar 4  Comment 
In a report published Monday, Sterne Agee initiated coverage on Michael Kors Holdings Ltd. (NYSE: KORS) with a Neutral rating and $63.00 price target. Sterne Agee noted, “While we acknowledge that macro pressures are currently impacting...
TheStreet.com  Mar 4  Comment 
NEW YORK (TheStreet) -- CHANGE IN RATINGS Bristol-Myers was downgraded to neutral at Bank of America/Merrill Lynch. The upside potential does not justify a buy rating, though the dividend yield and pipeline are attractive, BofA/Merrill said....
TheStreet.com  Feb 25  Comment 
NEW YORK (TheStreet) -- "One minute you're in, the next you're out," Heidi Klum says in Project Runway. That's a fashion and retail concept many in the securities business just don't get. And investors would be wise to understand the fickle...
Benzinga  Feb 20  Comment 
Michael Kors Holdings Limited (NYSE: KORS) (the “Company”) today announced the pricing of the secondary offering of 25,000,000 ordinary shares by certain selling shareholders at a price of $61.50 per share. In addition,...




 
TOP CONTRIBUTORS

Michael Kors Holdings (NYSE:KORS) is a luxury brand company which is focused on North America. Michael Kors began as a luxury sportswear company but has moved into accessories, such as bags, jewelry,and watches, and general apparel. While originally a wholesaler, the company has also opened retail stores mostly in North America but also in Europe and Japan. [1] Moving forward, KORS plans to expand its retail stores in North America while increasing its wholesale business internationally.[2]

Business Overview

For the fiscal year 2011 ended on April 2, KORS reported a net sales of $758M and a net income of $73M. This was an increase over the $483M in sales and $39M in net income for 2010.[3]


New Updates

The company's initial public offering of stock on the NYSE occurred on December 14, 2011. The company offered 47.2M shares each for $20. This was above the $17-$19 price range. The deal raised a total of $944M. The company had originally announced that it would sell 41.7M shares. The lead mangers of the deal were Morgan Stanley, JP Morgan, and Goldman.[4]

Trends & Forces

Simultaneous Retail and Wholesale

KORS plans to develop both its retail stores and its wholesale presence. This dual system allows it to broaden its reach while minimizing early risk. However, continued growth of this strategy with lead to the inevitable competition of its retail stores against its wholesale distributions. Further, each of these strategies require relatively distinct skills and staff. [5]


  1. KORS F-1 2011 PROSPECTUS SUMMARY "Our Company" pp. 1-2
  2. KORS F-1 2011 PROSPECTUS SUMMARY "Our Growth Strategy" pp. 4-6
  3. KORS F-1 2011 PROSPECTUS SUMMARY "Summary Historical Consolidated Financial and Other Data" pp. 8-9
  4. Renaissance Capital - IPO Home "Michael Kors prices upsized IPO at $20, above the range" 14 Dec 2011
  5. KORS F-1 2011 PROSPECTUS SUMMARY "Risks Related to Our Business" pp. 11-15
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