Michael Kors Holdings Limited (NYSE:KORS) has been given a $52.00 price target by equities researchers at Buckingham Research in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the lifestyle brand’s stock. Buckingham Research’s target price would indicate a potential upside of 9.52% from the company’s previous close.

A number of other equities analysts have also recently commented on KORS. Canaccord Genuity lifted 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 note on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $46.00 price target (up from $35.00) on shares of Michael Kors Holdings Limited in a research note on Wednesday, August 9th. Cowen and Company reaffirmed a “market perform” rating and set a $45.00 price target (up from $35.00) on shares of Michael Kors Holdings Limited in a research note on Thursday, August 10th. Telsey Advisory Group lifted their price target on shares of Michael Kors Holdings Limited from $38.00 to $49.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird set a $46.00 price target on shares of Michael Kors Holdings Limited and gave the stock a “hold” rating in a research note on Sunday, October 1st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company. Michael Kors Holdings Limited presently has an average rating of “Hold” and an average price target of $45.27.

Shares of Michael Kors Holdings Limited (KORS) opened at 47.48 on Friday. The stock’s 50 day moving average is $44.43 and its 200-day moving average is $38.74. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 14.56 and a beta of 0.03. Michael Kors Holdings Limited has a 12-month low of $32.38 and a 12-month high of $52.67.

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

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Several hedge funds and other institutional investors have recently bought and sold shares of KORS. BlackRock Inc. raised its stake in shares of Michael Kors Holdings Limited by 3,587.4% during the 1st quarter. BlackRock Inc. now owns 13,985,812 shares of the lifestyle brand’s stock worth $532,997,000 after acquiring an additional 13,606,521 shares in the last quarter. Flossbach Von Storch AG raised its stake in shares of 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. FMR LLC raised its stake in shares of 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. Bank of Nova Scotia raised its stake in shares of Michael Kors Holdings Limited by 5,697.0% during the 1st quarter. Bank of Nova Scotia now owns 678,248 shares of the lifestyle brand’s stock worth $25,848,000 after acquiring an additional 666,548 shares in the last quarter. Finally, PDT Partners LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 83.39% of the company’s stock.

About Michael Kors Holdings Limited

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.

Analyst Recommendations for Michael Kors Holdings Limited (NYSE:KORS)

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