Michael Kors Holdings Ltd. Sets New 1-Year High at $78.62 (KORS)
Michael Kors Holdings (NASDAQ:KORS) set a new 52-week high during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $78.62 and last traded at $77.69, with a volume of 3,707,600 shares. The stock had previously closed at $75.72.
KORS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Michael Kors Holdings (NASDAQ:KORS) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 5th. They now have a $77.40 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Michael Kors Holdings (NASDAQ:KORS) from $90.00 to $100.00 in a research note to investors on Wednesday, September 4th. They now have a “strong-buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Michael Kors Holdings (NASDAQ:KORS) from $70.00 to $74.00 in a research note to investors on Thursday, August 8th.
Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Michael Kors Holdings presently has an average rating of “Buy” and a consensus target price of $78.61.
Michael Kors Holdings has a 52-week low of $46.66 and a 52-week high of $76.74. The stock has a 50-day moving average of $72.31 and a 200-day moving average of $62.58. The company has a market cap of $15.646 billion and a P/E ratio of 33.83.
Michael Kors Holdings (NASDAQ:KORS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.12. The company had revenue of $640.90 million for the quarter, compared to the consensus estimate of $570.52 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 54.5% on a year-over-year basis. Analysts expect that Michael Kors Holdings will post $2.76 EPS for the current fiscal year.
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 name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.