Michael Kors Holdings Given Average Recommendation of “Buy” by Analysts (NASDAQ:KORS)
Michael Kors Holdings (NASDAQ:KORS) has been given an average recommendation of “Buy” by the twenty-four brokerages that are currently covering the company, StockRatingsNetwork.com reports. Two research 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 company. The average 1-year price target among brokers that have covered the stock in the last year is $91.19.
Shares of Michael Kors Holdings (NASDAQ:KORS) traded up 1.39% during mid-day trading on Wednesday, hitting $97.56. 419,001 shares of the company’s stock traded hands. Michael Kors Holdings has a 52 week low of $51.63 and a 52 week high of $96.60. The stock has a 50-day moving average of $81.9 and a 200-day moving average of $77.43. The company has a market cap of $19.822 billion and a P/E ratio of 32.82.
Michael Kors Holdings (NASDAQ:KORS) last released its earnings data on Tuesday, February 4th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.25. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $859.94 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 57.0% on a year-over-year basis. Analysts expect that Michael Kors Holdings will post $3.12 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Michael Kors Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $96.20 price target on the stock. Separately, analysts at Maxim Group raised their price target on shares of Michael Kors Holdings from $99.00 to $109.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Michael Kors Holdings to $87.00 in a research note on Wednesday, February 5th. They now have a “market perform” rating on the stock.
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.
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