Ameritas Investment Partners Inc. reduced its stake in shares of Michael Kors Holdings Limited (NYSE:KORS) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,515 shares of the lifestyle brand’s stock after selling 525 shares during the period. Ameritas Investment Partners Inc.’s holdings in Michael Kors Holdings Limited were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KORS. Flossbach Von Storch AG grew its holdings in Michael Kors Holdings Limited by 12.9% during 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. BlackRock Inc. grew its holdings in Michael Kors Holdings Limited by 9.3% during the 2nd quarter. BlackRock Inc. now owns 15,287,608 shares of the lifestyle brand’s stock worth $554,176,000 after acquiring an additional 1,301,796 shares in the last quarter. FMR LLC grew its holdings in Michael Kors Holdings Limited by 33.9% during 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. PDT Partners LLC grew its holdings in Michael Kors Holdings Limited by 590.2% during 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. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Michael Kors Holdings Limited by 24.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand’s stock worth $93,256,000 after acquiring an additional 506,071 shares in the last quarter. 84.25% of the stock is owned by institutional investors.

Michael Kors Holdings Limited (NYSE:KORS) opened at $54.64 on Wednesday. The stock has a market cap of $8,281.00, a P/E ratio of 12.14 and a beta of 0.05. Michael Kors Holdings Limited has a 52 week low of $32.38 and a 52 week high of $55.25.

Michael Kors Holdings Limited (NYSE:KORS) last announced its quarterly earnings data on Monday, November 6th. The lifestyle brand reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.50. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Michael Kors Holdings Limited had a net margin of 12.68% and a return on equity of 42.89%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. research analysts predict that Michael Kors Holdings Limited will post 3.89 earnings per share for the current year.

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A number of research analysts have recently issued reports on KORS shares. Canaccord Genuity raised their price target on shares of Michael Kors Holdings Limited from $33.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $46.00 price target (up from $35.00) on shares of Michael Kors Holdings Limited in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Citigroup Inc. started coverage on shares of Michael Kors Holdings Limited in a research report on Thursday, November 2nd. They issued a “positive” rating and a $62.00 price target on the stock. Finally, Cowen and Company restated a “market perform” rating and issued a $45.00 price target (up from $35.00) on shares of Michael Kors Holdings Limited in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.94.

Michael Kors Holdings Limited 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.

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

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