Bank Of America Likes Michael Kors & Dicks Sporting Goods 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
|Nov 2016||Morgan Stanley||Downgrades||Overweight||Equal-Weight|
|Oct 2016||OTR GLobal||Upgrades||Negative||Mixed|
|Sep 2016||Guggenheim||Initiates Coverage on||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.