Michael Kors Holdings Earns “Sell” Rating from Telsey Advisory Group (KORS)
Michael Kors Holdings (NASDAQ:KORS)‘s stock had its “sell” rating reaffirmed by Telsey Advisory Group in a research note issued on Friday. They currently have a $110.00 price objective on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 37.55% from the stock’s previous close.
KORS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Michael Kors Holdings in a research note on Friday, August 29th. They now have a $89.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Michael Kors Holdings in a research note on Wednesday, August 13th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Michael Kors Holdings currently has a consensus rating of “Buy” and an average target price of $104.00.
Michael Kors Holdings (NASDAQ:KORS) traded down 4.33% on Friday, hitting $76.51. The stock had a trading volume of 6,751,109 shares. Michael Kors Holdings has a one year low of $70.59 and a one year high of $101.04. The stock has a 50-day moving average of $80.75 and a 200-day moving average of $89.90. The company has a market cap of $15.633 billion and a price-to-earnings ratio of 22.73.
Michael Kors Holdings (NASDAQ:KORS) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the 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.
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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