7 Best Sunglasses Stocks to Invest in 2017

5. Michael Kors Holdings Ltd (NYSE:KORS)

Michael Kors Holdings Ltd (NYSE:KORS) is a London-based fashion brand which is famous amongst men and women for its accessories, clothing and jewelry. Michael Kors’s sunglasses and eyewear are immensely popular worldwide. Michael Kors’ sunglasses usually start from $60, and goes up to $220. In January 2015, Michael Kors announced a licensing agreement with Luxottica for its eyewear products. The agreement will last for 10 years. Michael doesn’t disclose exact revenue it earns from its eyewear business. Its product licensing segment consist of eyewear, jewelry, and fragrances. In fiscal 2017, revenue from licensed products declined to $145.8 million from $173.3 million a year earlier. A total of 28 hedge funds in our data held long stakes in Michael Kors Holdings Ltd (NYSE:KORS) at the end of March. The aggregate value of these holdings is $285.64 million.    Cliff Asness’ AQR Capital Management owns 2.28 million shares of Michael Kors.

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