Michael Kors Holdings Now Covered by Credit Suisse (KORS)
Equities research analysts at Credit Suisse started coverage on shares of Michael Kors Holdings (NASDAQ:KORS) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $107.00 price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 13.91% from the company’s current price.
A number of other analysts have also recently weighed in on KORS. Analysts at Zacks reiterated an “outperform” rating on shares of Michael Kors Holdings in a research note on Thursday, June 5th. They now have a $103.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Michael Kors Holdings from $121.00 to $122.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Finally, analysts at Buckingham Research raised their price target on shares of Michael Kors Holdings from $112.00 to $118.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen 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 an average target price of $105.04.
Michael Kors Holdings (NASDAQ:KORS) opened at 93.93 on Tuesday. Michael Kors Holdings has a 52-week low of $56.15 and a 52-week high of $101.04. The stock’s 50-day moving average is $92.90 and its 200-day moving average is $89.27. The company has a market cap of $19.127 billion and a P/E ratio of 29.30.
Michael Kors Holdings (NASDAQ:KORS) last released its earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.10. The company had revenue of $917.50 million for the quarter, compared to the consensus estimate of $816.51 million. During the same quarter last year, the company posted $0.50 earnings per share. Michael Kors Holdings’s revenue was up 53.6% compared to the same quarter last year. Analysts expect that Michael Kors Holdings will post $3.97 EPS for the current fiscal year.
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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