Friday, February 10, 2017 1:02 PM
Luxury apparel, footwear and accessories retailer, Michael Kors Holdings Ltd has made a substantial rebound in 2016 Q1 off the back of chanel outlet
a rough previous two years. With the stock up over 40 percent for the first quarter, it's no surprise analysts are taking note. However, the upside may not be as imminent as others believe, BlueFin Research Partners implied in a recent stock update. Analyst Rebecca Duval explained the firm's checks into Michael Kors Outlet over the past year, highlighting investors' trends of being "sensitive to near-term business trends.""Since 2H:15 we've been talking about increasingly positive momentum in the handbag space which we think will continue to play out in 2016," Duval said, setting the context for the report."With Michael Kors Sale up some 60 percent since mid-January, the stock has quickly gone from a value play to a momentum stock; which likely means that investors will be much more sensitive to the near term business trends. We think the biggest headwind to the KORS story is the disappointing North American department store traffic that isn't showing any signs of replica handbags sale
improvement." Duval elaborated that despite broad sector lackluster, cheap Michael Kors does possess keys to forward success, particularly, its innovation in handbags. "It has been several years since we've seen this much newness and excitement in the handbag space," Duval said. "According to our sources, the product they're seeing in the pipeline for this year is exciting, eye-catching and going to appeal to women who haven't seen much newness in the handbags space for quite some time," Duval explained. "The new crop of handbags are also coming out in varying trends, color and leathers; so not only are we seeing much more variation in the assortment, but bigger bags tend to longchamp outlet
have higher Average Unit Retail which only helps revenue."