Shares of Michael Kors Holdings Ltd (NYSE:KORS) have been given an average recommendation of “Hold” by the twenty-nine ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.89.
Several equities analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $38.00 target price on shares of Michael Kors Holdings in a report on Wednesday, March 15th. William Blair restated a “market perform” rating on shares of Michael Kors Holdings in a report on Tuesday, February 7th. Credit Suisse Group AG set a $42.00 target price on shares of Michael Kors Holdings and gave the company a “hold” rating in a report on Wednesday, February 8th. Nomura set a $46.00 target price on shares of Michael Kors Holdings and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $36.00 target price (down previously from $42.00) on shares of Michael Kors Holdings in a report on Thursday, February 9th.
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Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Michael Kors Holdings during the third quarter worth about $125,000. IFP Advisors Inc raised its stake in shares of Michael Kors Holdings by 15.0% in the second quarter. IFP Advisors Inc now owns 4,135 shares of the lifestyle brand’s stock worth $205,000 after buying an additional 539 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Michael Kors Holdings by 65.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,300 shares of the lifestyle brand’s stock worth $201,000 after buying an additional 1,700 shares during the period. First Heartland Consultants Inc. bought a new stake in shares of Michael Kors Holdings during the third quarter worth about $201,000. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Michael Kors Holdings during the third quarter worth about $207,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
Michael Kors Holdings (NYSE:KORS) opened at 37.39 on Thursday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 8.55 and a beta of 0.70. The company has a 50-day moving average price of $38.20 and a 200 day moving average price of $44.74. Michael Kors Holdings has a 12-month low of $34.92 and a 12-month high of $58.63.
Michael Kors Holdings (NYSE:KORS) last announced its quarterly earnings data on Tuesday, February 7th. The lifestyle brand reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.01. Michael Kors Holdings had a net margin of 16.59% and a return on equity of 41.96%. The company earned $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $1.59 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts predict that Michael Kors Holdings will post $4.17 EPS for the current year.
Michael Kors Holdings Company Profile
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.
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