Michael Kors Holdings Ltd (KORS) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. decreased its stake in shares of Michael Kors Holdings Ltd (NYSE:KORS) by 41.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 78,802 shares of the lifestyle brand’s stock after selling 56,892 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Michael Kors Holdings were worth $3,003,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Michael Kors Holdings during the third quarter valued at $125,000. Ameritas Investment Partners Inc. bought a new position in shares of Michael Kors Holdings during the first quarter valued at $154,000. Fuller & Thaler Asset Management Inc. boosted its position 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 valued at $201,000 after buying an additional 1,700 shares during the period. First Heartland Consultants Inc. bought a new position in shares of Michael Kors Holdings during the third quarter valued at $201,000. Finally, Seven Eight Capital LP bought a new position in shares of Michael Kors Holdings during the fourth quarter valued at $205,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Institutional Ownership by Quarter for Michael Kors Holdings (NYSE:KORS)

Michael Kors Holdings Ltd (NYSE:KORS) traded up 2.71% on Friday, reaching $36.41. The company’s stock had a trading volume of 1,922,612 shares. Michael Kors Holdings Ltd has a one year low of $34.92 and a one year high of $53.29. The stock has a 50-day moving average of $37.27 and a 200-day moving average of $41.25. The stock has a market cap of $5.91 billion, a P/E ratio of 8.32 and a beta of 0.70.

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KORS has been the topic of a number of recent analyst reports. Piper Jaffray Companies lowered their target price on Michael Kors Holdings to $34.00 in a research note on Wednesday, February 8th. Cowen and Company lowered their target price on Michael Kors Holdings to $40.00 in a research note on Wednesday, February 8th. Jefferies Group LLC set a $65.00 target price on Michael Kors Holdings and gave the stock a “buy” rating in a research note on Tuesday, February 7th. Canaccord Genuity reiterated a “buy” rating and set a $45.00 target price on shares of Michael Kors Holdings in a research note on Tuesday, February 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $50.00 target price (down from $56.00) on shares of Michael Kors Holdings in a research note on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.97.

About Michael Kors Holdings

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.

5 Day Chart for NYSE:KORS

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