Michael Kors Holdings Given Average Recommendation of “Buy” by Analysts (NASDAQ:KORS)
Michael Kors Holdings (NASDAQ:KORS) has received an average recommendation of “Buy” from the twenty-six analysts that are covering the company, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $105.63.
A number of analysts have recently weighed in on KORS shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Michael Kors Holdings from $100.00 to $104.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Michael Kors Holdings in a research note on Tuesday, June 10th. They set an “outperform” rating and a $107.00 price target on the stock. Finally, 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.
Michael Kors Holdings (NASDAQ:KORS) opened at 88.36 on Wednesday. Michael Kors Holdings has a one year low of $58.35 and a one year high of $101.04. The stock has a 50-day moving average of $92.87 and a 200-day moving average of $90.06. The company has a market cap of $17.993 billion and a P/E ratio of 27.44.
Michael Kors Holdings (NASDAQ:KORS) last released its earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 53.6% on a year-over-year basis. On average, analysts predict that Michael Kors Holdings will post $3.97 earnings per share 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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