Michael Kors (NYSE: KORS) The Only Luxury Retailer Worth Buying Now Could Soar 33%

When a company markedly outperforms its peer group, it always captures my attention. Why, I wonder, has it done so much better than its direct competitors?
In a little over two years, Michael Kors (NYSE: KORS) shares have surged almost 300%. KORS opened at $25 on the day of its December 2011 IPO and now trades near its all-time high just under $100. In contrast, Coach (NYSE: COH) has tumbled 20% during that time frame, while Ralph Lauren (NYSE: RL) is only up about 13%.
Michael Kors' expensive handbags and watches, among its other luxury goods, are coveted. To satisfy strong customer demand, the company is working to open new stores around the world. In the past three quarters, it added 133 new outlets, 91 of which are company-owned and 42 are licensed. Michael Kors now has 533 stores worldwide. (more)

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