Cibc World Markets Corp raised its holdings in Michael Kors Holdings Limited (NYSE:KORS) by 30.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,027 shares of the lifestyle brand’s stock after buying an additional 5,078 shares during the period. Cibc World Markets Corp’s holdings in Michael Kors Holdings Limited were worth $798,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Comerica Bank boosted its holdings in shares of Michael Kors Holdings Limited by 8.0% in the 1st quarter. Comerica Bank now owns 56,946 shares of the lifestyle brand’s stock valued at $2,164,000 after buying an additional 4,224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Michael Kors Holdings Limited by 28.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,050 shares of the lifestyle brand’s stock valued at $459,000 after acquiring an additional 2,635 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Michael Kors Holdings Limited during the first quarter worth about $260,000. Ameritas Investment Partners Inc. purchased a new position in shares of Michael Kors Holdings Limited during the first quarter worth about $154,000. Finally, SG Americas Securities LLC grew its holdings in shares of Michael Kors Holdings Limited by 111.5% during the first quarter. SG Americas Securities LLC now owns 18,999 shares of the lifestyle brand’s stock worth $724,000 after purchasing an additional 183,898 shares during the last quarter. Institutional investors own 83.39% of the company’s stock.

Several research firms have recently weighed in on KORS. Jefferies Group LLC set a $60.00 target price on Michael Kors Holdings Limited and gave the company a “buy” rating in a report on Tuesday, July 4th. Nomura lifted their price target on Michael Kors Holdings Limited from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Michael Kors Holdings Limited from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Monday, August 14th. Canaccord Genuity upgraded Michael Kors Holdings Limited from a “hold” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $58.00 in a research note on Wednesday, September 27th. Finally, ValuEngine raised Michael Kors Holdings Limited from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.05.

Michael Kors Holdings Limited (NYSE KORS) opened at 48.17 on Tuesday. Michael Kors Holdings Limited has a 52 week low of $32.38 and a 52 week high of $52.67. The company’s 50 day moving average is $44.03 and its 200 day moving average is $38.47. The stock has a market cap of $7.30 billion, a P/E ratio of 14.78 and a beta of 0.02.

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

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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.

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

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