Michael Kors Holdings Limited (KORS): From Top to Bottom

Michael Kors Holdings Limited (KORS) is an interesting player in the Consumer Goods space, with a focus on Textile – Apparel Clothing. The stock has been active on the tape, currently trading at $62.95, down from yesterday’s close by -0.94%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Michael Kors Holdings Limited (KORS) currently trades with a market capitalization of $9.66 Billion. That value represents a market adjusting for revenues that have been growing by 5.37 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $888.6 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.28 on a per share basis this quarter. Perhaps, that suggests something about why 3.98% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Michael Kors Holdings Limited recorded a 52-week high of $64.30. It is now trading 1.35% off that level. The stock is trading $56.61 its 50-day moving average by -6.34%. The stock carved out a 52-week low down at $32.38.

In recent action, Michael Kors Holdings Limited (KORS) has made a move of +7.72% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.79% with $145.17 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KORS.

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