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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
May 2017Deutsche BankDowngradesBuyHold
Feb 2017Evercore ISI GroupDowngradesBuyHold
Jan 2017PiperJaffrayDowngradesOverweightNeutral

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

 

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