Michael Kors Holdings Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:KORS)
Michael Kors Holdings (NASDAQ:KORS) has earned a consensus rating of “Buy” from the twenty-nine brokerages that are currently covering the company, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $104.71.
Shares of Michael Kors Holdings (NASDAQ:KORS) opened at 79.26 on Thursday. Michael Kors Holdings has a 52 week low of $68.83 and a 52 week high of $101.04. The stock’s 50-day moving average is $84.87 and its 200-day moving average is $90.69. The company has a market cap of $16.149 billion and a P/E ratio of 22.38.
Michael Kors Holdings (NASDAQ:KORS) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, analysts predict that Michael Kors Holdings will post $4.06 earnings per share 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, August 5th. 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, August 5th. 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, August 5th. 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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