Sciencast Management LP acquired a new stake in shares of Michael Kors Holdings Ltd (NYSE:KORS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,135 shares of the lifestyle brand’s stock, valued at approximately $1,130,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Flinton Capital Management LLC increased its holdings in shares of Michael Kors by 25.0% during the fourth quarter. Flinton Capital Management LLC now owns 262,304 shares of the lifestyle brand’s stock valued at $16,512,000 after acquiring an additional 52,500 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Michael Kors by 1,067.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,977 shares of the lifestyle brand’s stock valued at $943,000 after acquiring an additional 13,694 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of Michael Kors during the fourth quarter valued at about $12,974,000. Teachers Advisors LLC increased its holdings in Michael Kors by 16.8% in the 4th quarter. Teachers Advisors LLC now owns 559,195 shares of the lifestyle brand’s stock worth $35,201,000 after buying an additional 80,425 shares during the period. Finally, Paloma Partners Management Co increased its holdings in Michael Kors by 19.2% in the 4th quarter. Paloma Partners Management Co now owns 49,986 shares of the lifestyle brand’s stock worth $3,146,000 after buying an additional 8,069 shares during the period. Hedge funds and other institutional investors own 85.48% of the company’s stock.
In other news, Director Stephen F. Reitman sold 6,500 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $62.47, for a total transaction of $406,055.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael David Kors sold 246,590 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $61.30, for a total value of $15,115,967.00. The disclosure for this sale can be found here. Insiders have sold a total of 407,090 shares of company stock worth $25,116,782 in the last quarter. Insiders own 6.00% of the company’s stock.
Shares of Michael Kors Holdings Ltd (NYSE:KORS) opened at $62.28 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.06. Michael Kors Holdings Ltd has a 52-week low of $32.38 and a 52-week high of $69.95. The company has a market capitalization of $9,344.60, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.96 and a beta of 0.13.
Michael Kors (NYSE:KORS) last announced its earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.48. Michael Kors had a return on equity of 40.86% and a net margin of 11.32%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $1.64 EPS. The business’s revenue was up 6.4% on a year-over-year basis. sell-side analysts forecast that Michael Kors Holdings Ltd will post 4.48 earnings per share for the current year.
Michael Kors 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.
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