Michael Kors (KORS) has consistently exceeded market expectations since its IPO in December 2011, but the michael kors factory store story is far from over. Below are a combination of five qualitative and quantitative reasons of why Michael Kors remains a strong BUY ahead of its earnings report next week.
Five Qualitative/Quantitative Bullish Reasons for michael kors factory outlet All Recent Analyst Reports Have Been Bullish.
Earlier this week, Canaccord Genuity initiated their coverage of michael kors outlet store with a buy rating and a target price of $82, the highest on the street. Canaccord Genuity sees the official michael kors factory outlet online company growing double globally by F2015. See below other price targets for the company. The michael kors factory outlet average price target on the street is $73.
As you can see above, Barclays has continued to up their price target as michael kors continues to grow, with plenty of room for expansion remaining. Additionally, michael kors factory outlet online have been bullish comments made by other analysts in the past few days regarding michael kors.
Earlier this month, Morgan Stanley (MS) added Michael Kors to its best ideas list, and called the company "retail's best growth story" and says now is the time to buy ahead of michael kors outlet store report on May 29. Current valuation versus calendar 2014 EPS estimates "represents compelling value for a company that we think has the highest EPS achievability in retail," said Morgan.
Piper Jaffray also expects michael kors factory store to post a solid Q4 earnings beat on May 29th and said it would continue adding positions reiterating a $77 price target.