Michael Kors Holdings Limited (NYSE:KORS) has received an average rating of “Hold” from the thirty-one brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $45.82.

A number of equities analysts recently issued reports on KORS shares. Canaccord Genuity raised their price target on Michael Kors Holdings Limited from $33.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and set a $46.00 price target (up previously from $35.00) on shares of Michael Kors Holdings Limited in a report on Wednesday, August 9th. Cowen and Company reissued a “market perform” rating and set a $45.00 price target (up previously from $35.00) on shares of Michael Kors Holdings Limited in a report on Thursday, August 10th. Telsey Advisory Group raised their price target on Michael Kors Holdings Limited from $38.00 to $49.00 and gave the stock a “market perform” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC set a $60.00 price target on Michael Kors Holdings Limited and gave the stock a “buy” rating in a report on Sunday.

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Several institutional investors have recently modified their holdings of KORS. OppenheimerFunds Inc. raised 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 purchasing an additional 3,023 shares in the last quarter. Teachers Advisors LLC raised 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 purchasing an additional 5,162 shares in the last quarter. Thrivent Financial For Lutherans raised 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 purchasing an additional 330 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 4,101 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Michael Kors Holdings Limited in the 1st quarter valued at about $12,088,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Shares of Michael Kors Holdings Limited (KORS) opened at 48.81 on Wednesday. The stock has a market cap of $7.40 billion, a P/E ratio of 14.97 and a beta of 0.03. The firm’s 50-day moving average price is $47.43 and its 200 day moving average price is $40.12. Michael Kors Holdings Limited has a 1-year low of $32.38 and a 1-year high of $52.33.

Michael Kors Holdings Limited (NYSE:KORS) last posted its earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. Michael Kors Holdings Limited had a return on equity of 40.26% and a net margin of 11.91%. The business had revenue of $952.40 million for the quarter, compared to analysts’ expectations of $919.18 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Michael Kors Holdings Limited will post $3.71 earnings per share for the current fiscal year.

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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