Michael Kors Holdings Ltd (NYSE:KORS) has received a consensus rating of “Hold” from the thirty-three research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $62.31.

A number of brokerages have recently weighed in on KORS. Cowen set a $71.00 price target on Michael Kors and gave the company a “hold” rating in a research report on Wednesday, February 7th. Barclays set a $75.00 price target on Michael Kors and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Needham & Company LLC raised their price target on Michael Kors from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Nomura raised their price target on Michael Kors from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $57.00 price target (up previously from $51.00) on shares of Michael Kors in a research report on Thursday, February 8th. They noted that the move was a valuation call.

Michael Kors (NYSE:KORS) traded up $1.00 during trading on Friday, reaching $63.38. The company’s stock had a trading volume of 3,041,593 shares, compared to its average volume of 2,480,239. Michael Kors has a 12 month low of $32.38 and a 12 month high of $69.95. The company has a current ratio of 2.00, a quick ratio of 1.06 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9,265.47, a P/E ratio of 18.81, a P/E/G ratio of 1.77 and a beta of 0.08.

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

In other Michael Kors news, SVP Krista A. Mcdonough sold 7,500 shares of Michael Kors stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $55.93, for a total value of $419,475.00. Following the completion of the sale, the senior vice president now owns 10,647 shares in the company, valued at approximately $595,486.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Pascale Meyran sold 6,835 shares of Michael Kors stock in a transaction dated 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 sale, the senior vice president now owns 10,081 shares of the company’s stock, valued at approximately $604,960.81. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Mutuals Advisors Inc. acquired a new position in shares of Michael Kors in the 4th quarter valued at about $100,000. Cerebellum GP LLC acquired a new position in shares of Michael Kors in the 4th quarter valued at about $126,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Michael Kors in the 4th quarter valued at about $190,000. IFP Advisors Inc lifted its stake in shares of Michael Kors by 29.5% in the 4th quarter. IFP Advisors Inc now owns 3,432 shares of the lifestyle brand’s stock valued at $216,000 after purchasing an additional 781 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new position in shares of Michael Kors in the 4th quarter valued at about $219,000. Institutional investors own 87.93% 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.

Analyst Recommendations for Michael Kors (NYSE:KORS)

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