“This is an exciting story,” Karen Finerman, president of Metropolitan Capital Advisors and “Fast Money” contributor, said after Michael Kors Holdings held its initial public offering in December."I’m a buyer. Yes, it’s expensive on current earnings, but this a growth story. I’d think it would be a high teens multiple. I’m looking for the stock to trade up to the mid-to-high $20s.”
Helmed by “Project Runway” judge and Chief Creative Officer Michael Kors, Michael Kors Holdings operates in retail, wholesale and licensing from its Hong Kong headquarters. The company produces footwear, fragrances, eyewear, apparel and accessories. It has a market cap of $5.97 billion.