Michael Kors Holdings Ltd. (NYSE:KORS) has been given a $46.00 price target by analysts at BMO Capital Markets in a research note issued to investors on Thursday. The firm currently has a a “hold” rating on the lifestyle brand’s stock. BMO Capital Markets’ price objective suggests a potential downside of 7.44% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Jefferies Group restated a “buy” rating on shares of Michael Kors Holdings in a research report on Monday, September 12th. Vetr upgraded shares of Michael Kors Holdings from a “sell” rating to a “hold” rating and set a $50.20 price objective for the company in a research report on Wednesday, November 2nd. Credit Agricole SA began coverage on shares of Michael Kors Holdings in a research report on Wednesday, September 28th. They set a “sell” rating and a $45.00 price objective for the company. Piper Jaffray Cos. set a $60.00 price objective on shares of Michael Kors Holdings and gave the company a “buy” rating in a research report on Tuesday, November 8th. Finally, Citigroup Inc. restated a “neutral” rating and set a $51.00 price objective on shares of Michael Kors Holdings in a research report on Saturday, August 13th. One equities research 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. The company presently has a consensus rating of “Hold” and an average target price of $53.40.

Analyst Recommendations for Michael Kors Holdings (NYSE:KORS)

Michael Kors Holdings (NYSE:KORS) opened at 49.70 on Thursday. The stock has a 50 day moving average of $48.43 and a 200-day moving average of $48.83. Michael Kors Holdings has a 52-week low of $34.83 and a 52-week high of $59.49. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 11.21 and a beta of 0.84.

Michael Kors Holdings (NYSE:KORS) last announced its earnings results on Thursday, November 10th. The lifestyle brand reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. The firm earned $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Michael Kors Holdings had a net margin of 16.94% and a return on equity of 41.23%. Michael Kors Holdings’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, analysts expect that Michael Kors Holdings will post $4.57 EPS for the current year.

In other Michael Kors Holdings news, SVP Lee S. Sporn sold 26,341 shares of Michael Kors Holdings stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $50.02, for a total transaction of $1,317,576.82. Following the sale, the senior vice president now owns 40,707 shares in the company, valued at $2,036,164.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lee S. Sporn sold 4,700 shares of Michael Kors Holdings stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $50.00, for a total transaction of $235,000.00. Following the sale, the senior vice president now 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.

A number of large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Michael Kors Holdings by 600.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,344,812 shares of the lifestyle brand’s stock worth $116,022,000 after buying an additional 2,010,219 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Michael Kors Holdings by 25.3% in the second quarter. Franklin Resources Inc. now owns 7,623,015 shares of the lifestyle brand’s stock worth $377,186,000 after buying an additional 1,538,458 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Michael Kors Holdings by 9.0% in the second quarter. Vanguard Group Inc. now owns 16,901,529 shares of the lifestyle brand’s stock worth $836,288,000 after buying an additional 1,395,604 shares during the last quarter. Flossbach Von Storch AG boosted its position in shares of Michael Kors Holdings by 16.6% in the second quarter. Flossbach Von Storch AG now owns 9,155,014 shares of the lifestyle brand’s stock worth $452,990,000 after buying an additional 1,303,589 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Michael Kors Holdings by 52.9% in the third quarter. APG Asset Management N.V. now owns 3,079,912 shares of the lifestyle brand’s stock worth $144,109,000 after buying an additional 1,066,200 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

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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