Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, branded apparel and accessories company Michael Kors Holdings (NYSE: KORS) has received a distressing two-star ranking.

With that in mind, let's take a closer look at Michael Kors' business and see what CAPS investors are saying about the stock right now.

Michael Kors facts

Headquarters (founded) Tsim Sha Tsui, Hong Kong (1981)
Market Cap $10.4 billion
Industry Apparel, accessories and luxury goods
Trailing-12-Month Revenue $1.5 billion
Management Chairman/CEO John Idol Honorary
Chairman/Chief Creative Officer Michael Kors
Trailing-12-Month Return on Equity 58.1%
Cash/Debt $162.1 million / $27.7 million
Competitors Calvin Klein
Donna Karan International
Ralph Lauren

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 21% of the 158 members who have rated Michael Kors believe the stock will underperform the S&P 500 going forward.

Earlier this month, one of those Fools, sikiliza, tapped Michael Kors as a solid company selling at a rather risky valuation:

Michael Kors is a good brand and selling at prices that the average Joe can afford. That and the continued acquisition of floor space across retail stores indicates that it's gaining momentum. Further, 30% growth in Europe while Euro zone GDP fell 0.2% in Q2-2012 is testament to the brand's strength.

That said, I have seen this story before in the case of [Aeropostale]. That did not end well. Given [August 14th's] jump in the stock price, I am taking a short term bearish outlook to the stock until it reverts to mean market performance.

If you want market-thumping returns, you need to protect your portfolio from any undue risk. Luckily, we've found another retailer we are incredibly excited about -- excited enough to dub it "The Motley Fool's Top Stock for 2012." We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won't be here forever, so click here to access it now.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.