Wilsey Asset Management Inc. boosted its position in shares of Michael Kors Holdings Ltd. (NYSE:KORS) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,865 shares of the lifestyle brand’s stock after buying an additional 500 shares during the period. Michael Kors Holdings comprises approximately 5.4% of Wilsey Asset Management Inc.’s holdings, making the stock its 10th largest position. Wilsey Asset Management Inc. owned 0.09% of Michael Kors Holdings worth $7,006,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. boosted its position 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 worth $119,000 after buying an additional 891 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in 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 worth $142,000 after buying an additional 2,528 shares in the last quarter. Toronto Dominion Bank boosted its position in Michael Kors Holdings by 114.8% in the second quarter. Toronto Dominion Bank now owns 2,986 shares of the lifestyle brand’s stock worth $148,000 after buying an additional 1,596 shares in the last quarter. Quantbot Technologies LP acquired a new position in Michael Kors Holdings during the second quarter worth approximately $148,000. Finally, Victory Capital Management Inc. boosted its position in 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 worth $167,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.

Institutional Ownership by Quarter for Michael Kors Holdings (NYSE:KORS)

Michael Kors Holdings Ltd. (NYSE:KORS) traded up 1.20% during midday trading on Monday, reaching $48.14. The company’s stock had a trading volume of 2,356,073 shares. The firm has a market capitalization of $7.90 billion, a PE ratio of 10.97 and a beta of 0.84. Michael Kors Holdings Ltd. has a 1-year low of $34.83 and a 1-year high of $59.49. The stock’s 50-day moving average price is $48.31 and its 200 day moving average price is $48.63.

Michael Kors Holdings (NYSE:KORS) last issued its quarterly earnings data on Thursday, November 10th. The lifestyle brand reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. Michael Kors Holdings had a return on equity of 42.50% and a net margin of 16.94%. The business earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that Michael Kors Holdings Ltd. will post $4.41 EPS for the current fiscal year.

KORS has been the topic of a number of research analyst reports. Jefferies Group reissued a “buy” rating on shares of Michael Kors Holdings in a report on Monday, September 12th. Vetr raised Michael Kors Holdings from a “sell” rating to a “hold” rating and set a $50.20 price target on the stock in a report on Wednesday, November 2nd. initiated coverage on Michael Kors Holdings in a report on Wednesday, September 28th. They issued a “sell” rating and a $45.00 price target on the stock. Piper Jaffray Cos. set a $60.00 price target on Michael Kors Holdings and gave the stock a “buy” rating in a report on Tuesday, November 8th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $51.00 price target on shares of Michael Kors Holdings in a report on Saturday, August 13th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $53.08.

In related news, SVP Lee S. Sporn sold 4,700 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 22,653 shares of the company’s stock, valued at approximately $1,132,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lee S. Sporn sold 26,341 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $50.02, for a total value of $1,317,576.82. Following the transaction, the senior vice president now directly owns 40,707 shares of the company’s stock, valued at $2,036,164.14. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

About Michael Kors Holdings

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

Receive News & Stock Ratings for Michael Kors Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors Holdings Ltd. and related stocks with our FREE daily email newsletter.