Topeka Capital Markets Initiates Coverage on Michael Kors Holdings (KORS)
Stock analysts at Topeka Capital Markets assumed coverage on shares of Michael Kors Holdings (NASDAQ:KORS) in a report issued on Monday. The firm set a “buy” rating and a $117.00 price target on the stock. Topeka Capital Markets’ price objective points to a potential upside of 25.74% from the stock’s previous close.
Shares of Michael Kors Holdings (NASDAQ:KORS) traded up 0.22% during mid-day trading on Monday, hitting $93.05. 1,598,723 shares of the company’s stock traded hands. Michael Kors Holdings has a 52-week low of $56.15 and a 52-week high of $101.04. The stock has a 50-day moving average of $91.36 and a 200-day moving average of $87.45. The company has a market cap of $18.906 billion and a price-to-earnings ratio of 31.67.
Several other analysts have also recently commented on the stock. Analysts at Nomura initiated coverage on shares of Michael Kors Holdings in a research note on Friday, May 2nd. They set a “buy” rating and a $116.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Michael Kors Holdings in a research note on Tuesday, April 29th. They set a “buy” rating and a $121.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Michael Kors Holdings in a research note on Wednesday, April 23rd. They now have a $107.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.17.
Michael Kors Holdings Limited is a global lifestyle brand . The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude.
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