Robert W. Baird set a $46.00 price target on Michael Kors Holdings Limited (NYSE:KORS) in a report released on Sunday. The brokerage currently has a hold rating on the lifestyle brand’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Michael Kors Holdings Limited from a buy rating to a hold rating in a research report on Friday, September 1st. Jefferies Group LLC set a $60.00 target price on shares of Michael Kors Holdings Limited and gave the company a buy rating in a research report on Tuesday, July 4th. Deutsche Bank AG reissued a hold rating and issued a $36.00 price target on shares of Michael Kors Holdings Limited in a research note on Friday, June 16th. Barclays PLC began coverage on shares of Michael Kors Holdings Limited in a research note on Tuesday, September 19th. They issued an equal weight rating and a $44.00 price target for the company. Finally, Piper Jaffray Companies reissued a hold rating and issued a $34.00 price target on shares of Michael Kors Holdings Limited in a report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. Michael Kors Holdings Limited presently has a consensus rating of Hold and an average price target of $45.05.

Michael Kors Holdings Limited (NYSE KORS) traded up 0.06% during mid-day trading on Friday, reaching $47.88. The company had a trading volume of 943,327 shares. Michael Kors Holdings Limited has a 1-year low of $32.38 and a 1-year high of $52.67. The company has a market capitalization of $7.25 billion, a PE ratio of 14.69 and a beta of 0.02. The firm has a 50-day moving average of $42.35 and a 200 day moving average of $37.81.

Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $952.40 million for the quarter, compared to analysts’ expectations of $919.18 million. Michael Kors Holdings Limited had a return on equity of 40.26% and a net margin of 11.91%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. On average, analysts predict that Michael Kors Holdings Limited will post $3.70 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of KORS. BlackRock Inc. boosted its position in Michael Kors Holdings Limited by 3,587.4% during the 1st quarter. BlackRock Inc. now owns 13,985,812 shares of the lifestyle brand’s stock valued at $532,997,000 after acquiring an additional 13,606,521 shares in the last quarter. Flossbach Von Storch AG raised its position in shares of Michael Kors Holdings Limited by 12.9% in the 2nd quarter. Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand’s stock worth $434,004,000 after acquiring an additional 1,366,038 shares in the last quarter. FMR LLC raised its position in shares of Michael Kors Holdings Limited by 33.9% in the 2nd quarter. FMR LLC now owns 4,378,144 shares of the lifestyle brand’s stock worth $158,708,000 after acquiring an additional 1,107,385 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Michael Kors Holdings Limited by 5,697.0% in the 1st quarter. Bank of Nova Scotia now owns 678,248 shares of the lifestyle brand’s stock worth $25,848,000 after acquiring an additional 666,548 shares in the last quarter. Finally, PDT Partners LLC raised its position in shares of Michael Kors Holdings Limited by 590.2% in the 2nd quarter. PDT Partners LLC now owns 639,200 shares of the lifestyle brand’s stock worth $23,171,000 after acquiring an additional 546,588 shares in the last quarter. Institutional investors and hedge funds own 83.39% of the company’s stock.

Michael Kors Holdings Limited 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.

Analyst Recommendations for Michael Kors Holdings Limited (NYSE:KORS)

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