The American based designer brand had reported an increase in earnings per share of US$1.01 for the second quarter of 2016, on November 4.

Revenue for the period was US$1.13 billion compared to the consensus estimate of US$1.08 billion, up 6.6% on a year-over-year basis.

Michael Kors Holding has a market cap of US$7.15 billion and a P/E ratio of 9.12 with a 12-month low of US$36.63 and a 12-month high of US$78.55. The company’s 50 day average moving price is US$41.13, and its 200 day moving average price is US$45.60.

Established in 1981, by the American designer Michael Kors, the company is well known for its leather handbags. It has 550 retail shops and over 1500 in-store boutiques worldwide.

Source: Dakota Financial News