Royal Bank of Canada set a $71.00 price objective on Michael Kors (NYSE:KORS) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the lifestyle brand’s stock.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley restated an equal weight rating and issued a $57.00 price objective (up previously from $51.00) on shares of Michael Kors in a research report on Thursday. They noted that the move was a valuation call. Needham & Company LLC boosted their price objective on shares of Michael Kors from $69.00 to $75.00 and gave the stock a buy rating in a research report on Thursday. Jefferies Group restated a buy rating and issued a $90.00 price objective on shares of Michael Kors in a research report on Wednesday. Zacks Investment Research cut shares of Michael Kors from a buy rating to a hold rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird restated a hold rating on shares of Michael Kors in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $62.32.

Michael Kors (NYSE KORS) opened at $59.80 on Thursday. The company has a market capitalization of $9,099.59, a P/E ratio of 17.74, a PEG ratio of 1.74 and a beta of 0.08. The company has a quick ratio of 1.34, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. Michael Kors has a 1-year low of $32.38 and a 1-year high of $69.95.

Michael Kors (NYSE:KORS) last announced its earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 EPS for the quarter, topping the consensus estimate of $1.29 by $0.48. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. Michael Kors had a return on equity of 40.86% and a net margin of 11.32%. Michael Kors’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 EPS. research analysts anticipate that Michael Kors will post 4.48 earnings per share for the current fiscal year.

In other news, SVP Pascale Meyran sold 6,835 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $60.01, for a total value of $410,168.35. Following the completion of the transaction, the senior vice president now owns 10,081 shares of the company’s stock, valued at approximately $604,960.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Krista A. Mcdonough sold 7,500 shares of the business’s stock in a transaction on 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 directly owns 10,647 shares of the company’s stock, valued at approximately $595,486.71. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. APG Asset Management N.V. grew its holdings in shares of Michael Kors by 0.5% in the 3rd quarter. APG Asset Management N.V. now owns 4,454,174 shares of the lifestyle brand’s stock valued at $213,132,000 after buying an additional 23,200 shares during the period. Schroder Investment Management Group grew its holdings in shares of Michael Kors by 0.8% in the 3rd quarter. Schroder Investment Management Group now owns 2,429,162 shares of the lifestyle brand’s stock valued at $115,895,000 after buying an additional 19,006 shares during the period. American Century Companies Inc. grew its holdings in shares of Michael Kors by 2,006.2% in the 4th quarter. American Century Companies Inc. now owns 1,342,506 shares of the lifestyle brand’s stock valued at $84,511,000 after buying an additional 1,278,764 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Michael Kors by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,210,424 shares of the lifestyle brand’s stock valued at $57,918,000 after buying an additional 277,810 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Michael Kors by 568.5% in the 4th quarter. Bank of Montreal Can now owns 1,115,901 shares of the lifestyle brand’s stock valued at $70,246,000 after buying an additional 948,966 shares during the period. 86.57% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Michael Kors (NYSE:KORS)

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