Michael Kors Holdings LimitedKORS was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $64.24 to $68.34 in the past one-month time frame.
The move came after the company reported solid first-quarter fiscal 2019 results. Also, management provided an upbeat outlook for the fiscal year.
The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past month, while the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Michael Kors currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Michael Kors Holdings Limited Price
Michael Kors Holdings Limited Price | Michael Kors Holdings Limited Quote
A better-ranked stock in the Textile - Apparel industry is Ralph Lauren Corporation RL , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportRalph Lauren Corporation (RL): Free Stock Analysis ReportMichael Kors Holdings Limited (KORS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research