Michael Kors Holdings Ltd (NYSE:KORS) CEO John D. Idol sold 150,000 shares of Michael Kors stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $68.20, for a total value of $10,230,000.00. Following the completion of the sale, the chief executive officer now directly owns 537,546 shares of the company’s stock, valued at approximately $36,660,637.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:KORS opened at $57.39 on Friday. The company has a market capitalization of $10.38 billion, a P/E ratio of 13.54, a PEG ratio of 2.04 and a beta of 0.15. Michael Kors Holdings Ltd has a 1-year low of $32.38 and a 1-year high of $70.00. The company has a quick ratio of 1.06, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

Michael Kors (NYSE:KORS) last released its earnings results on Wednesday, May 30th. The lifestyle brand reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Michael Kors had a return on equity of 40.86% and a net margin of 11.32%. Michael Kors’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. equities analysts forecast that Michael Kors Holdings Ltd will post 4.49 EPS for the current fiscal year.

Several equities research analysts recently weighed in on KORS shares. Piper Jaffray Companies reissued a “hold” rating and issued a $72.00 price objective on shares of Michael Kors in a report on Monday, February 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Michael Kors in a report on Monday, February 5th. Zacks Investment Research lowered Michael Kors from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Jefferies Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Michael Kors in a report on Wednesday, February 7th. Finally, Needham & Company LLC lifted their target price on Michael Kors from $69.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. Michael Kors currently has a consensus rating of “Hold” and an average target price of $69.00.

Large investors have recently added to or reduced their stakes in the stock. USA Mutuals Advisors Inc. bought a new stake in Michael Kors in the 4th quarter worth approximately $100,000. Jacobi Capital Management LLC lifted its position in Michael Kors by 66.8% in the 1st quarter. Jacobi Capital Management LLC now owns 2,627 shares of the lifestyle brand’s stock worth $163,000 after buying an additional 1,052 shares during the last quarter. Lido Advisors LLC bought a new stake in Michael Kors in the 1st quarter worth approximately $212,000. IFP Advisors Inc lifted its position in Michael Kors by 29.5% in the 4th quarter. IFP Advisors Inc now owns 3,432 shares of the lifestyle brand’s stock worth $216,000 after buying an additional 781 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Michael Kors in the 4th quarter worth approximately $221,000. Institutional investors own 80.90% of the company’s stock.

About Michael Kors

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women's apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

Insider Buying and Selling by Quarter for Michael Kors (NYSE:KORS)

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