Michael Kors Holdings Ltd. (NYSE:KORS)‘s stock had its “buy” rating restated by investment analysts at Piper Jaffray Cos. in a research report issued on Tuesday. They presently have a $64.00 target price on the lifestyle brand’s stock. Piper Jaffray Cos.’s price objective would suggest a potential upside of 27.54% from the company’s previous close.

A number of other research firms have also weighed in on KORS. Jefferies Group reaffirmed a “buy” rating on shares of Michael Kors Holdings in a research note on Monday, September 12th. Vetr upgraded Michael Kors Holdings from a “sell” rating to a “hold” rating and set a $50.20 target price on the stock in a research report on Wednesday, November 2nd. Credit Agricole SA started coverage on Michael Kors Holdings in a research report on Wednesday, September 28th. They issued a “sell” rating and a $45.00 target price on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a $51.00 target price on shares of Michael Kors Holdings in a research report on Saturday, August 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $56.00 target price on shares of Michael Kors Holdings in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the company. Michael Kors Holdings has a consensus rating of “Hold” and an average target price of $53.83.

Analyst Recommendations for Michael Kors Holdings (NYSE:KORS)

Shares of Michael Kors Holdings (NYSE:KORS) opened at 50.18 on Tuesday. Michael Kors Holdings has a 12-month low of $34.83 and a 12-month high of $59.49. The stock has a market cap of $8.47 billion, a PE ratio of 11.32 and a beta of 0.84. The firm has a 50 day moving average price of $48.39 and a 200 day moving average price of $48.83.

In other news, SVP Lee S. Sporn sold 26,341 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $50.02, for a total value of $1,317,576.82. Following the completion of the transaction, the senior vice president now owns 40,707 shares in the company, valued at approximately $2,036,164.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Lee S. Sporn sold 4,700 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $50.00, for a total transaction of $235,000.00. Following the completion of the sale, the senior vice president now directly owns 22,653 shares in the company, valued at approximately $1,132,650. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. raised its stake in Michael Kors Holdings by 58.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,413 shares of the lifestyle brand’s stock valued at $119,000 after buying an additional 891 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Michael Kors Holdings by 722.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,878 shares of the lifestyle brand’s stock valued at $142,000 after buying an additional 2,528 shares during the period. Quantbot Technologies LP acquired a new position in shares of Michael Kors Holdings during the second quarter valued at about $148,000. Toronto Dominion Bank raised its position in shares of Michael Kors Holdings by 114.8% in the second quarter. Toronto Dominion Bank now owns 2,986 shares of the lifestyle brand’s stock valued at $148,000 after buying an additional 1,596 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Michael Kors Holdings by 8.3% in the second quarter. Victory Capital Management Inc. now owns 3,374 shares of the lifestyle brand’s stock valued at $167,000 after buying an additional 258 shares during the period. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Michael Kors Holdings 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.

5 Day Chart for NYSE:KORS

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