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Investment analysts at Sterne Agee decreased their price target on shares of Michael Kors Holdings (NASDAQ:KORS) from $100.00 to $92.00 in a note issued to investors on Tuesday. Sterne Agee’s price target would suggest a potential upside of 7.39% from the stock’s previous close.

A number of other firms have also recently commented on KORS. Analysts at Barclays cut their price target on shares of Michael Kors Holdings from $85.00 to $82.00 in a research note on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Michael Kors Holdings in a research note on Tuesday, July 1st. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Michael Kors Holdings presently has an average rating of “Buy” and a consensus target price of $106.39.

Michael Kors Holdings (NASDAQ:KORS) traded down 5.86% during mid-day trading on Tuesday, hitting $80.65. The stock had a trading volume of 7,093,389 shares. 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 $91.57 and a 200-day moving average of $90.77. The company has a market cap of $16.423 billion and a price-to-earnings ratio of 26.61. Michael Kors Holdings also saw some unusual options trading activity on Monday. Stock investors bought 21,110 put options on the stock. This represents an increase of approximately 286% compared to the typical volume of 5,467 put options.

Michael Kors Holdings (NASDAQ:KORS) last issued its quarterly 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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