Michael Kors Holdings Receives Average Recommendation of “Buy” from Analysts (NASDAQ:KORS)
Shares of Michael Kors Holdings (NASDAQ:KORS) have received an average recommendation of “Buy” from the thirty brokerages that are covering the stock, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $104.64.
Shares of Michael Kors Holdings (NASDAQ:KORS) traded up 0.85% during mid-day trading on Thursday, hitting $80.39. The stock had a trading volume of 381,032 shares. Michael Kors Holdings has a one year low of $68.83 and a one year high of $101.04. The stock has a 50-day moving average of $85.5 and a 200-day moving average of $90.86. The company has a market cap of $16.379 billion and a P/E ratio of 22.65. Michael Kors Holdings also was the recipient of unusually large options trading activity on Monday. Investors acquired 20,102 put options on the company. This represents an increase of 115% compared to the typical volume of 9,370 put options.
Michael Kors Holdings (NASDAQ:KORS) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.10. The company had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $852.45 million. During the same quarter last year, the company posted $0.61 earnings per share. Michael Kors Holdings’s revenue was up 43.9% compared to the same quarter last year. Analysts expect that Michael Kors Holdings will post $4.04 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Michael Kors Holdings in a research note on Tuesday. They now have a $103.00 price target on the stock, down previously from $116.00. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Michael Kors Holdings in a research note on Tuesday. They now have a $78.00 price target on the stock, down previously from $82.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Michael Kors Holdings in a research note on Tuesday. They now have a $87.00 price target on the stock, down previously from $98.00.
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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