Michael Kors Holdings Limited (KORS - Free Report) 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.
A better-ranked stock in the Textile - Apparel industry is Ralph Lauren Corporation (RL - Free Report) , 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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