California Public Employees Retirement System raised its stake in Michael Kors Holdings Ltd (NYSE:KORS) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,027 shares of the lifestyle brand’s stock after purchasing an additional 14,927 shares during the period. California Public Employees Retirement System owned 0.33% of Michael Kors worth $23,926,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Michael Kors by 9.3% during the second 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 during the last quarter. APG Asset Management N.V. grew its position in shares of Michael Kors by 0.5% during the third quarter. APG Asset Management N.V. now owns 4,454,174 shares of the lifestyle brand’s stock worth $213,132,000 after acquiring an additional 23,200 shares during the last quarter. FMR LLC grew its position in shares of Michael Kors by 33.9% during the second 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 during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Michael Kors by 24.5% during the second 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 during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Michael Kors by 0.8% during the third quarter. Schroder Investment Management Group now owns 2,429,162 shares of the lifestyle brand’s stock worth $115,895,000 after acquiring an additional 19,006 shares during the last quarter. Institutional investors own 86.32% of the company’s stock.

In other news, SVP Krista A. Mcdonough sold 7,500 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $55.93, for a total value of $419,475.00. Following the completion of the transaction, the senior vice president now owns 10,647 shares in the company, valued at $595,486.71. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Pascale Meyran sold 6,835 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $60.01, for a total value of $410,168.35. Following the completion of the transaction, the senior vice president now owns 10,081 shares of the company’s stock, valued at approximately $604,960.81. The disclosure for this sale can be found here. In the last three months, insiders sold 16,835 shares of company stock valued at $964,403. 6.00% of the stock is owned by corporate insiders.

KORS has been the subject of several recent research reports. TheStreet raised Michael Kors from a “c+” rating to a “b” rating in a report on Monday, November 6th. Jefferies Group reaffirmed a “buy” rating and set a $60.00 price target on shares of Michael Kors in a report on Thursday, September 14th. ValuEngine raised Michael Kors from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Canaccord Genuity raised Michael Kors from a “hold” rating to a “buy” rating and increased their price target for the stock from $43.00 to $58.00 in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised Michael Kors from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Michael Kors currently has an average rating of “Hold” and an average price target of $52.41.

Shares of Michael Kors Holdings Ltd (KORS) opened at $63.36 on Wednesday. Michael Kors Holdings Ltd has a fifty-two week low of $32.38 and a fifty-two week high of $63.53. The company has a market capitalization of $9,609.09, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.13 and a beta of 0.12.

Michael Kors (NYSE:KORS) last released its earnings results on Monday, November 6th. The lifestyle brand reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.50. Michael Kors had a return on equity of 42.09% and a net margin of 12.68%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.95 earnings per share. Michael Kors’s quarterly revenue was up 5.4% compared to the same quarter last year. research analysts anticipate that Michael Kors Holdings Ltd will post 3.96 earnings per share for the current fiscal year.

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Michael Kors 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.

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

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