California State Teachers Retirement System lifted its stake in Michael Kors Holdings Ltd (NYSE:KORS) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,121 shares of the lifestyle brand’s stock after buying an additional 2,875 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Michael Kors worth $9,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KORS. Oregon Public Employees Retirement Fund raised its stake in shares of Michael Kors by 2,597.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,275,681 shares of the lifestyle brand’s stock worth $86,000 after buying an additional 3,154,239 shares during the period. AQR Capital Management LLC raised its stake in Michael Kors by 32.5% during the 3rd quarter. AQR Capital Management LLC now owns 9,155,701 shares of the lifestyle brand’s stock valued at $627,715,000 after purchasing an additional 2,245,109 shares during the period. BlackRock Inc. raised its stake in Michael Kors by 12.9% during the 3rd quarter. BlackRock Inc. now owns 12,564,075 shares of the lifestyle brand’s stock valued at $861,392,000 after purchasing an additional 1,436,136 shares during the period. FMR LLC raised its stake in Michael Kors by 18.4% during the 3rd quarter. FMR LLC now owns 5,373,852 shares of the lifestyle brand’s stock valued at $368,432,000 after purchasing an additional 835,011 shares during the period. Finally, Bridgeway Capital Management Inc. bought a new stake in Michael Kors during the 3rd quarter valued at approximately $44,393,000. 86.89% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:KORS opened at $45.40 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.71 and a current ratio of 1.48. Michael Kors Holdings Ltd has a 1 year low of $35.68 and a 1 year high of $75.96. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.22 and a beta of 0.49.

Several analysts recently issued reports on the company. Wells Fargo & Co decreased their target price on Michael Kors from $50.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 2nd. Jefferies Financial Group set a $60.00 target price on Michael Kors and gave the company a “buy” rating in a research note on Thursday, December 20th. TheStreet downgraded Michael Kors from a “b-” rating to a “c+” rating in a research note on Thursday, December 6th. Finally, Nomura set a $76.00 target price on Michael Kors and gave the company a “buy” rating in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Michael Kors currently has an average rating of “Hold” and an average price target of $71.21.

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About Michael Kors

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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

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