Michael Kors Holdings (KORS) Buy Ahead of Earnings - BB&T

BB&T Capital analyst, Corinna Freedman, believes the department store post earnings fallout has created a buying opportunity in Michael Kors (NYSE: KORS). The company reports on Wed., June 1st, pre-market and the analyst expects a modest beat on in line sales. Wholesale handbag weakness at Macy's has been more pronounced in mid-tier brands (not premium) and watch growth remains for Asia and Men's markets.

No change to $0.98 in EPS for the quarter, a penny ahead of consensus of $0.97. No change to Buy rating or $58 PT.

For an analyst ratings summary and ratings history on Michael Kors click here. For more ratings news on Michael Kors click here.

Shares of Michael Kors closed at $41.46 yesterday.

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