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Bank Of America Likes Michael Kors & Dicks Sporting Goods For The Holiday Season

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In a note out Monday morning, Bank of America analyst Robert F. Ohmes likes Michael Kors Holdings Ltd (NYSE: KORS) and Dicks Sporting Goods Inc (NYSE: DKS) as his top picks for the holiday season.

Ohmes said Michael Kors was a clear standout on Black Friday as traffic and sell-thrus appeared high at full-price stores and in Macy's handbag shop-in-shops, especially when compared to peers.

He went on to say that, "KORS remains our Top Pick, is winning the millennial mindshare race according to our recent handbag survey, has a top 5 social media following and we expect EPS upside to continue to be driven by powerful multi-channel sales growth."

Dicks Sporting Goods had strong traffic on Black Friday (most locations opened 5 p.m. Thursday), supported by an increased TV/digital marketing effort (including collaborative marketing with key brands), according to Ohmes.

Latest Ratings for KORS

DateFirmActionFromTo
Nov 2016Morgan StanleyDowngradesOverweightEqual-Weight
Oct 2016OTR GLobalUpgradesNegativeMixed
Sep 2016GuggenheimInitiates Coverage onNeutral

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Posted-In: Bank of America Robert F. OhmesAnalyst Color Long Ideas Analyst Ratings Trading Ideas

 

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