Mn Services Vermogensbeheer B.V. reduced its position in Michael Kors Holdings Ltd (NYSE:KORS) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,386 shares of the lifestyle brand’s stock after selling 213 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Michael Kors Holdings were worth $156,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its position in Michael Kors Holdings by 783.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 185,271 shares of the lifestyle brand’s stock worth $7,061,000 after buying an additional 164,303 shares during the period. DnB Asset Management AS increased its stake in Michael Kors Holdings by 41.6% in the first quarter. DnB Asset Management AS now owns 14,973 shares of the lifestyle brand’s stock worth $571,000 after buying an additional 4,400 shares in the last quarter. SFE Investment Counsel increased its stake in Michael Kors Holdings by 20.1% in the first quarter. SFE Investment Counsel now owns 23,050 shares of the lifestyle brand’s stock worth $878,000 after buying an additional 3,850 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Michael Kors Holdings by 17.7% in the first quarter. Gateway Investment Advisers LLC now owns 269,715 shares of the lifestyle brand’s stock worth $10,279,000 after buying an additional 40,611 shares in the last quarter. Finally, Americafirst Capital Management LLC increased its stake in Michael Kors Holdings by 36.3% in the first quarter. Americafirst Capital Management LLC now owns 7,840 shares of the lifestyle brand’s stock worth $299,000 after buying an additional 2,090 shares in the last quarter. 88.54% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Michael Kors Holdings Ltd (NYSE:KORS) traded up 2.34% during trading on Friday, reaching $36.28. The company had a trading volume of 509,942 shares. The firm has a market capitalization of $5.89 billion, a PE ratio of 8.29 and a beta of 0.70. The firm has a 50-day moving average of $37.32 and a 200 day moving average of $41.36. Michael Kors Holdings Ltd has a 1-year low of $34.92 and a 1-year high of $53.29.

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A number of brokerages have issued reports on KORS. Deutsche Bank AG downgraded Michael Kors Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $47.00 to $40.00 in a research report on Monday. BMO Capital Markets set a $38.00 price objective on Michael Kors Holdings and gave the company a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC set a $65.00 price objective on Michael Kors Holdings and gave the company a “buy” rating in a research report on Monday, April 10th. Zacks Investment Research downgraded Michael Kors Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $36.00 price target on shares of Michael Kors Holdings in a report on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.97.

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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