Michael Kors rises as analyst adds to the list of the best ideas

  Shares fashion and accessories brand Michael Kors Holdings (KORS) up in the stock market today after

Morgan Stanley maintained its recommendation and price target for the stock.

The share price rose more than 1% Michael Kors at 61.26 in early trading on Monday after Morgan Stanley has

the stock of his "best ideas" list and get an "overweight" rating and price target 71

Shares of designer luxury clothing, shoes and accessories are up 17% since 22 April.

Michael Kors works with a multi-channel distribution model that has its own chain of retail stores and

wholesale segment and includes licenses.

The success of these channels have helped the company of about 500 million dollars in annual sales growth

for the year 2010 to more than $ 2 billion for fiscal 2013, which ended in March.

Michael Kors has now set his sights on $ 4 billion annual sales in the next year, which means he would

almost double its current activities.

The company is expected to report Q4 earnings exercise 29 May Analysts surveyed by Thomson Reuters expected

earnings of 39 cents versus 22 cents last year.

Meanwhile, stocks garment will continue to increase as a whole. The group making clothing, IBD, which set a

record on Friday, is up 18% since the beginning of the year.