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One more, Citigroup is at $1.66 for fiscal 2013, they're not soft balling
it like other analysts.

Equities researchers at Citigroup lifted their target price on shares of Michael Kors Holdings Ltd (NASDAQ: KORS) to $68.00 in a report issued on Friday.

The analysts wrote, “We raise our full year EPS estimate to $1.66 (from $1.45) on new guidance and incremental fixed cost everage, we model comps +35% and believe KORS is well positioned to exceed conservative guidance given our channel checks, industry contacts, and conservative guidance. We are also raising our price target to $68 (from $65) on 30x. Our price target implies +30% ETR.”

Humm ETR, they got me on that one. Must be upside gain to the target.
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