5 Reasons To Buy Michael Kors Holdings Ahead Of Next Week's Earnings Elevator pitchmichaelKors(Nyse:Kors)Has consistently exceeded market expectations since its ipo in december 2011, but the story is far from over. Below are a combination of five qualitative and quantitative reasons of whyKors remains a strong BUY ahead of its earnings report next week. Five qualitative/quantitative bullish reasons for kors1)All recent analyst reports have been bullish We all know analysts usually lag behind the market in updating their target prices, but i do like looking at recent reports since those reports are more in line with current company conditions and supply chain checks. Earlier this week, canaccord genuity initiated their coverage of kors with a buy rating and a target price of $82, the highest on the street.Canaccord genuity sees the company growing double globally by f2015.See below other price targets for michael kors handbags outlet the company.The average price target on the street is $73. As you can see above, barclays has continued to up their price target as kors continues to grow, with plenty of room for expansion remaining.Additionally, there have been bullish comments made by other analysts in the past few days regarding kors. Earlier this month, morgan stanley(Nyse:Ms)Added kors to michael kors online outlet its best ideas list, and called the company"Retail's best growth story"And says now is the time to buy ahead of kors report on may 29.Current valuation versus calendar 2014 eps estimates"Represents compelling value for a company that we think has the highest eps achievability in retail,"Said morgan. Piper jaffray also expects michael kors to post a solid q4 earnings beat on may 29th and said it would continue adding positions reiterating a $77 price target. 2)Kors has beaten wall street expectations last 5 quarters Michael kors has surprised the street for the last five quarters. The chart above speaks for itself, and with current expectations of $0.39 below last 2 quarters reported EPS, there is much reason to believe KORS beats this quarter by a sizeable margin given the company's continued growth.Currently, and has the potential to double its domestic store base over the next five years. The company has around 45 stores in europe currently, compared to burberry and louis vuitton's 100+ stores. The company's e commerce website generates, oh wait, michael kors currently does not control/operate its own e commerce business.The company's website is currently run by neiman marcus, and kors recognizes a wholesale sale when it sells inventory to neiman.Michael kors plans to bring their website in house in 2014. 4)P/e ratios ttm p/e and forward p/e (Click to enlarge) Michael kors, arguably the fastest growing retail brand since its ipo and as evidenced by the table above, trades at a forward p/e of 25.1 which is around its industry peers Forward P/E of 27.5, while clearly outperforming in EPS growth by a huge margin.
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