Michael Kors Holdings Ltd (KORS) & More: Three Stocks to Add to Your Portfolio

How is Michael Kors Holdings Ltd (NYSE:KORS) doing it? The answer can be found in its six key growth strategies that it has set forth. First, it is realizing comp-store sales gains, apparently through an improved product assortment. Second, it is building its store base in North America. Third, it is converting locations to contain accessory shops within shops. Fourth, it is broadening its presence in Europe, both retail and wholesale. Fifth, it is constructing retail units in Japan. Sixth, it is attaining licenses to operate in Far East regions, where it currently has about 66 locations.

Given the favorable effects of these initiatives, I believe the company can meet its profit objective for this year. Plus, it has a highly liquid balance sheet with no debt that should provide the means for further investment in expansion projects.

Barring any unforeseen events, the shares should continue to be bid up.

Finding the Right Stock for Your Portfolio

Those investors seeking exposure to an industry by way of one of the best-situated companies may want to consider shares of Swift Transportation Co (NYSE:SWFT) or LyondellBasell Industries NV (NYSE:LYB). Otherwise, for a growth stock residing in a sector that has experienced a revitalization during 2013, Michael Kors Holdings Ltd (NYSE:KORS) may be a good fit.

Damon Churchwell has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Damon is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article Three Stocks to Add to Your Portfolio originally appeared on Fool.com is written by Damon Churchwell.

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