ValuEngine Upgrades Michael Kors (KORS) to "Strong-Buy"

Jeannie Matthews
January 26, 2018

The stock's short float is around of 4.74% and short ratio is 2.97. Barclays Pcl holds 0.01% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 204,278 shares.

Shares of Michael Kors Holdings Ltd (NYSE:KORS) have earned a consensus rating of "Hold" from the thirty-five research firms that are presently covering the company, MarketBeat.com reports. APG Asset Management N.V. increased its stake in shares of Michael Kors by 0.5% in the 3rd quarter. California Public Employees Retirement System now owns 500,027 shares of the lifestyle brand's stock worth $23,926,000 after purchasing an additional 14,927 shares during the last quarter. Andra Ap holds 0.06% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 54,000 shares. Balasa Dinverno & Foltz LLC now owns 8,677 shares of the lifestyle brand's stock worth $415,000 after purchasing an additional 1,404 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Michael Kors by 0.8% in the 3rd quarter. Nationwide Fund Advsrs invested 0.02% in Michael Kors Holdings Limited (NYSE:KORS). Finally, Bank of Montreal Can increased its stake in shares of Michael Kors by 568.5% in the 4th quarter. Schroder Investment Management Group now owns 2,429,162 shares of the lifestyle brand's stock valued at $115,895,000 after buying an additional 19,006 shares during the last quarter. Hedge funds and other institutional investors own 86.95% of the company's stock.

Several research firms have recently commented on KORS. Oppenheimer lifted their price objective on shares of Michael Kors from $62.00 to $74.00 and gave the company an "outperform" rating in a report on Wednesday. Bank of America restated a "neutral" rating and set a $58.00 target price on shares of Michael Kors in a report on Tuesday, November 7th. Citigroup initiated the shares of KORS in report on Wednesday, October 7 with "Sell" rating. TheStreet raised Michael Kors from a "c+" rating to a "b" rating in a report on Monday, November 6th. Many analysts will offer buy, sell, or hold recommendations for stocks they cover. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Also, SVP Pascale Meyran sold 6,835 shares of the company's stock in a transaction dated Thursday, December 7th. Jassy Andrew R sold $1.96 million worth of stock or 1,985 shares. Following the transaction, the senior vice president now directly owns 10,081 shares of the company's stock, valued at $604,960.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Krista A. Mcdonough sold 7,500 shares of the business's stock in a transaction dated Friday, November 17th. The stock price value Change from Open was at 2.23% with a Gap of -0.30%. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,835 shares of company stock valued at $964,403. Most company stocks have very little volatility.

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Michael Kors (NYSE KORS) traded down $0.23 during trading hours on Friday, reaching $67.04. Michael Kors has a 1 year low of $32.38 and a 1 year high of $68.31. The stock has a market capitalization of $10,200.00, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.25 and a beta of 0.12.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on February, 6. The lifestyle brand reported $1.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.50. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.05 billion. Michael Kors had a return on equity of 42.09% and a net margin of 12.68%. The business's quarterly revenue was up 5.4% on a year-over-year basis. If you are reading this report on another site, it was copied illegally and republished in violation of United States & global copyright and trademark law. Park-Ohio Holdings Corp. had 4 analyst reports since September 22, 2015 according to SRatingsIntel.

Michael Kors Holdings Limited design, markets, distributes, and retails branded women??s apparel and accessories, and men??s apparel. The firm operates in three divisions: Retail, Wholesale, and Licensing. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since January 26, 2017 and is downtrending.

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