Michael Kors Holdings Stock Rating Reaffirmed by Piper Jaffray (KORS)
A number of other analysts have also recently weighed in on KORS. 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Michael Kors Holdings has a consensus rating of “Buy” and a consensus price target of $106.30.
Michael Kors Holdings (NASDAQ:KORS) opened at 88.65 on Tuesday. Michael Kors Holdings has a 1-year low of $60.08 and a 1-year high of $101.04. The stock has a 50-day moving average of $92.61 and a 200-day moving average of $90.31. The company has a market cap of $18.052 billion and a P/E ratio of 27.95.
Michael Kors Holdings (NASDAQ:KORS) last issued its quarterly 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. 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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