Wall Street brokerages predict that Michael Kors Holdings Ltd (NYSE:KORS) will post earnings per share (EPS) of $1.26 for the current quarter, according to Zacks. Six analysts have provided estimates for Michael Kors’ earnings. The lowest EPS estimate is $1.22 and the highest is $1.33. Michael Kors reported earnings of $1.64 per share in the same quarter last year, which would indicate a negative year over year growth rate of 23.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Michael Kors will report full-year earnings of $3.96 per share for the current financial year, with EPS estimates ranging from $3.86 to $4.08. For the next year, analysts expect that the business will post earnings of $4.02 per share, with EPS estimates ranging from $3.44 to $4.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Michael Kors.

Michael Kors (NYSE:KORS) last announced its quarterly earnings data on Monday, November 6th. The lifestyle brand reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.50. Michael Kors had a return on equity of 42.09% and a net margin of 12.68%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis.

A number of equities analysts have recently commented on the company. MKM Partners raised Michael Kors from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Tuesday, November 7th. ValuEngine raised Michael Kors from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Cowen reissued a “hold” rating on shares of Michael Kors in a research report on Friday, November 10th. Zacks Investment Research raised Michael Kors from a “hold” rating to a “strong-buy” rating and set a $63.00 price target for the company in a report on Wednesday, November 8th. Finally, Susquehanna Bancshares began coverage on Michael Kors in a report on Thursday, November 2nd. They issued a “positive” rating and a $62.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given 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 a consensus target price of $52.41.

In other news, CEO John D. Idol sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $55.12, for a total transaction of $27,560.00. Following the completion of the sale, the chief executive officer now owns 1,688,046 shares in the company, valued at $93,045,095.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Krista A. Mcdonough sold 7,500 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 10,647 shares of the company’s stock, valued at approximately $595,486.71. The disclosure for this sale can be found here. Insiders sold 16,835 shares of company stock valued at $964,403 over the last three months. Corporate insiders own 6.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC raised its stake in shares of Michael Kors by 19.3% during the third quarter. Balasa Dinverno & Foltz LLC now owns 8,677 shares of the lifestyle brand’s stock worth $415,000 after purchasing an additional 1,404 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Michael Kors by 17.4% during the second quarter. Schroder Investment Management Group now owns 2,410,156 shares of the lifestyle brand’s stock worth $86,042,000 after purchasing an additional 357,661 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Michael Kors during the third quarter worth approximately $4,255,000. Legal & General Group Plc raised its stake in shares of Michael Kors by 5.1% during the second quarter. Legal & General Group Plc now owns 818,344 shares of the lifestyle brand’s stock worth $29,663,000 after purchasing an additional 39,949 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Michael Kors by 9,030.5% during the second quarter. Systematic Financial Management LP now owns 251,090 shares of the lifestyle brand’s stock worth $9,102,000 after purchasing an additional 248,340 shares during the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.

Shares of Michael Kors (NYSE:KORS) traded up $1.54 during trading on Tuesday, hitting $63.19. The stock had a trading volume of 2,406,900 shares, compared to its average volume of 2,516,674. Michael Kors has a 1-year low of $32.38 and a 1-year high of $63.20. The firm has a market capitalization of $9,374.91, a P/E ratio of 13.70, a PEG ratio of 2.08 and a beta of 0.12.

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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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