A number of firms have modified their ratings and price targets on shares of Michael Kors Holdings Limited (NYSE: KORS) recently:

  • 10/1/2017 – Michael Kors Holdings Limited was given a new $46.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 9/27/2017 – Michael Kors Holdings Limited was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock, up previously from $43.00.
  • 9/27/2017 – Michael Kors Holdings Limited was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Michael Kors Holdings Limited had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $49.00 price target on the stock.
  • 9/19/2017 – Michael Kors Holdings Limited was upgraded by analysts at Oppenheimer Holdings, Inc. from a “market perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $44.00.
  • 9/19/2017 – Michael Kors Holdings Limited was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $44.00.
  • 9/19/2017 – Michael Kors Holdings Limited is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $44.00 price target on the stock.
  • 9/14/2017 – Michael Kors Holdings Limited had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.
  • 9/12/2017 – Michael Kors Holdings Limited is now covered by analysts at Sanford C. Bernstein. They set an “underperform” rating and a $37.00 price target on the stock.
  • 9/10/2017 – Michael Kors Holdings Limited had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $43.00 price target on the stock.
  • 9/1/2017 – Michael Kors Holdings Limited was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/24/2017 – Michael Kors Holdings Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Michael Kors took a sharp “U–turn” following the company’s positive earnings streak for the ninth straight quarter and upbeat fiscal 2018 guidance. The bullish run in the stock price helped it to outpace the industry in the past three months. Revenues also came ahead of the estimate for the second quarter in row on account of robust retail sales performance. The company now envisions fiscal 2018 total revenue to be nearly $4.275 billion, up from the previous estimate of about $4.25 billion. On the other hand, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. The company has been constantly deploying resources to expand product offerings, open new stores, build shop-in-shops and upgrade eCommerce platform. We note that despite the possibility of heavy investments weighing on margins in the short term, management continues to take up strategic endeavors.”
  • 8/14/2017 – Michael Kors Holdings Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Shares of Michael Kors took a sharp “U–turn” following the company’s positive earnings streak for the ninth straight quarter and upbeat fiscal 2018 guidance. The bullish run in the stock price helped it to outpace the industry in the past three months. Revenues also came ahead of the estimate for the second quarter in row on account of robust retail sales performance. The company now envisions fiscal 2018 total revenue to be nearly $4.275 billion, up from the previous estimate of about $4.25 billion. On the other hand, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. The company has been constantly deploying resources to expand product offerings, open new stores, build shop-in-shops and upgrade eCommerce platform. We note that despite the possibility of heavy investments weighing on margins in the short term, management continues to take up strategic endeavors.”
  • 8/10/2017 – Michael Kors Holdings Limited had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $43.00 price target on the stock.
  • 8/10/2017 – Michael Kors Holdings Limited was given a new $46.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 8/10/2017 – Michael Kors Holdings Limited had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $45.00 price target on the stock, up previously from $35.00.
  • 8/9/2017 – Michael Kors Holdings Limited had its “sell” rating reaffirmed by analysts at MKM Partners.
  • 8/9/2017 – Michael Kors Holdings Limited had its price target raised by analysts at Telsey Advisory Group from $38.00 to $49.00. They now have a “market perform” rating on the stock.
  • 8/9/2017 – Michael Kors Holdings Limited had its price target raised by analysts at Canaccord Genuity from $33.00 to $43.00. They now have a “hold” rating on the stock.
  • 8/9/2017 – Michael Kors Holdings Limited had its price target raised by analysts at Nomura from $41.00 to $51.00. They now have a “buy” rating on the stock.
  • 8/9/2017 – Michael Kors Holdings Limited had its price target raised by analysts at Buckingham Research from $34.00 to $46.00. They now have a “neutral” rating on the stock.
  • 8/9/2017 – Michael Kors Holdings Limited had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $46.00 price target on the stock, up previously from $35.00.
  • 8/8/2017 – Michael Kors Holdings Limited was given a new $34.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.
  • 8/8/2017 – Michael Kors Holdings Limited was given a new $46.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 8/8/2017 – Michael Kors Holdings Limited was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.

Michael Kors Holdings Limited (KORS) opened at 47.60 on Wednesday. Michael Kors Holdings Limited has a 12 month low of $32.38 and a 12 month high of $52.67. The stock has a market capitalization of $7.21 billion, a PE ratio of 14.60 and a beta of 0.03. The company’s 50-day moving average is $44.11 and its 200-day moving average is $38.54.

Michael Kors Holdings Limited (NYSE:KORS) last posted its quarterly earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $952.40 million for the quarter, compared to the consensus estimate of $919.18 million. Michael Kors Holdings Limited had a return on equity of 40.26% and a net margin of 11.91%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS. Equities research analysts forecast that Michael Kors Holdings Limited will post $3.70 EPS for the current year.

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.

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