Michael Kors Holdings Limited (NYSE:KORS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

KORS has been the topic of a number of other research reports. CIBC raised Michael Kors Holdings Limited from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $55.00 in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Michael Kors Holdings Limited in a research report on Thursday, September 14th. ValuEngine downgraded Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group set a $36.00 target price on Michael Kors Holdings Limited and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Michael Kors Holdings Limited currently has an average rating of “Hold” and a consensus target price of $45.35.

Shares of Michael Kors Holdings Limited (NYSE KORS) traded up 2.27% on Friday, hitting $49.95. The stock had a trading volume of 2,209,043 shares. The stock has a market capitalization of $7.57 billion, a PE ratio of 15.32 and a beta of 0.03. The firm’s 50 day moving average is $46.21 and its 200-day moving average is $39.50. Michael Kors Holdings Limited has a one year low of $32.38 and a one year high of $52.67.

Michael Kors Holdings Limited (NYSE:KORS) last released its earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share (EPS) for the quarter, beating 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%. Michael Kors Holdings Limited’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Equities research analysts expect that Michael Kors Holdings Limited will post $3.71 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in KORS. OppenheimerFunds Inc. lifted its stake in shares of Michael Kors Holdings Limited by 25.1% in the 1st quarter. OppenheimerFunds Inc. now owns 15,084 shares of the lifestyle brand’s stock valued at $575,000 after acquiring an additional 3,023 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Michael Kors Holdings Limited by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 287,542 shares of the lifestyle brand’s stock valued at $10,958,000 after acquiring an additional 5,162 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Michael Kors Holdings Limited by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,000 shares of the lifestyle brand’s stock valued at $229,000 after acquiring an additional 330 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Michael Kors Holdings Limited in the 1st quarter valued at $198,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Michael Kors Holdings Limited by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 893,989 shares of the lifestyle brand’s stock valued at $34,070,000 after acquiring an additional 4,101 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.

Michael Kors Holdings Limited Company Profile

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.

Analyst Recommendations for Michael Kors Holdings Limited (NYSE:KORS)

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