Michael Kors Holdings Ltd (NYSE:KORS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.87 and last traded at $58.79, with a volume of 2556800 shares traded. The stock had previously closed at $57.98.

KORS has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $46.00 target price (up from $35.00) on shares of Michael Kors in a research note on Wednesday, August 9th. Canaccord Genuity upped their target price on shares of Michael Kors from $33.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Cowen restated a “market perform” rating and issued a $45.00 target price (up from $35.00) on shares of Michael Kors in a research note on Thursday, August 10th. Telsey Advisory Group upped their target price on shares of Michael Kors from $38.00 to $49.00 and gave the company a “market perform” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Michael Kors from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.09.

The company has a market capitalization of $8,940.00, a PE ratio of 13.06, a PEG ratio of 1.98 and a beta of 0.12.

Michael Kors (NYSE:KORS) last announced its earnings results on Monday, November 6th. The lifestyle brand reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.50. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.05 billion. Michael Kors had a net margin of 12.68% and a return on equity of 42.09%. Michael Kors’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. equities analysts anticipate that Michael Kors Holdings Ltd will post 3.96 EPS for the current year.

In other news, SVP Krista A. Mcdonough sold 7,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $55.93, for a total transaction of $419,475.00. Following the completion of the transaction, the senior vice president now owns 10,647 shares in the company, valued at approximately $595,486.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director M William Benedetto sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $53.60, for a total transaction of $107,200.00. Following the transaction, the director now owns 18,662 shares of the company’s stock, valued at approximately $1,000,283.20. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $554,235 in the last quarter. 6.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of KORS. BlackRock Inc. boosted its holdings in shares of Michael Kors by 9.3% in the second quarter. BlackRock Inc. now owns 15,287,608 shares of the lifestyle brand’s stock worth $554,176,000 after buying an additional 1,301,796 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Michael Kors by 0.5% in the third quarter. APG Asset Management N.V. now owns 4,454,174 shares of the lifestyle brand’s stock worth $213,132,000 after buying an additional 23,200 shares during the period. FMR LLC boosted its holdings in shares of Michael Kors by 33.9% in the second quarter. FMR LLC now owns 4,378,144 shares of the lifestyle brand’s stock worth $158,708,000 after buying an additional 1,107,385 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Michael Kors by 24.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand’s stock worth $93,256,000 after buying an additional 506,071 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Michael Kors by 0.8% in the third quarter. Schroder Investment Management Group now owns 2,429,162 shares of the lifestyle brand’s stock worth $115,895,000 after buying an additional 19,006 shares during the period. Institutional investors own 86.59% of the company’s stock.

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Michael Kors 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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