Daiwa Securities Group Inc. increased its position in Michael Kors Holdings Ltd. (NYSE:KORS) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,650 shares of the lifestyle brand’s stock after buying an additional 960 shares during the period. Daiwa Securities Group Inc.’s holdings in Michael Kors Holdings were worth $3,025,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Hartford Investment Management Co. boosted its stake in shares of Michael Kors Holdings by 5.1% in the second quarter. Hartford Investment Management Co. now owns 46,968 shares of the lifestyle brand’s stock worth $2,324,000 after buying an additional 2,291 shares during the period. Farmers Trust Co. acquired a new stake in shares of Michael Kors Holdings during the second quarter worth $3,321,000. First Quadrant L P CA boosted its stake in shares of Michael Kors Holdings by 68.5% in the second quarter. First Quadrant L P CA now owns 433,500 shares of the lifestyle brand’s stock worth $21,450,000 after buying an additional 176,200 shares during the period. Dearborn Partners LLC boosted its stake in shares of Michael Kors Holdings by 2.4% in the second quarter. Dearborn Partners LLC now owns 6,146 shares of the lifestyle brand’s stock worth $304,000 after buying an additional 146 shares during the period. Finally, Cim LLC boosted its stake in shares of Michael Kors Holdings by 2.6% in the second quarter. Cim LLC now owns 11,370 shares of the lifestyle brand’s stock worth $563,000 after buying an additional 290 shares during the period. 86.16% of the stock is owned by institutional investors.

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

Shares of Michael Kors Holdings Ltd. (NYSE:KORS) traded down 0.67% during mid-day trading on Tuesday, hitting $47.71. 1,576,405 shares of the stock traded hands. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 10.88 and a beta of 0.84. The firm has a 50 day moving average of $48.55 and a 200 day moving average of $48.60. Michael Kors Holdings Ltd. has a 12 month low of $34.83 and a 12 month high of $59.49.

Michael Kors Holdings (NYSE:KORS) last posted its quarterly earnings data on Thursday, November 10th. The lifestyle brand reported $0.95 EPS for the quarter, topping the 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 42.50%. Michael Kors Holdings’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. On average, equities analysts expect that Michael Kors Holdings Ltd. will post $4.41 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. Jefferies Group restated a “buy” rating on shares of Michael Kors Holdings in a report on Sunday, September 4th. Morgan Stanley reiterated an “equal weight” rating on shares of Michael Kors Holdings in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Michael Kors Holdings from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. BMO Capital Markets set a $46.00 price target on shares of Michael Kors Holdings and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research cut shares of Michael Kors Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.08.

In related news, SVP Lee S. Sporn sold 26,341 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 40,707 shares in the company, valued at approximately $2,036,164.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.00% 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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