Michael Kors Holdings Now Covered by Analysts at Bank of America (KORS)
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird downgraded shares of Michael Kors Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $98.00 price target on the stock, down previously from $114.00. Separately, analysts at Jefferies Group cut their price target on shares of Michael Kors Holdings from $95.00 to $80.00 in a research note on Friday, July 18th. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Michael Kors Holdings to a “strong-buy” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Michael Kors Holdings currently has an average rating of “Buy” and an average target price of $105.04.
Shares of Michael Kors Holdings (NASDAQ:KORS) opened at 81.34 on Thursday. Michael Kors Holdings has a 52 week low of $67.65 and a 52 week high of $101.04. The stock’s 50-day moving average is $87.3 and its 200-day moving average is $90.75. The company has a market cap of $16.564 billion and a P/E ratio of 25.55.
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 $3.96 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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