Advisor Group Inc. raised its position in shares of Michael Kors Holdings Limited (NYSE:KORS) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,883 shares of the lifestyle brand’s stock after acquiring an additional 5 shares during the period. Advisor Group Inc.’s holdings in Michael Kors Holdings Limited were worth $799,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Schroder Investment Management Group grew its position in shares of Michael Kors Holdings Limited by 17.4% in the second quarter. Schroder Investment Management Group now owns 2,410,156 shares of the lifestyle brand’s stock valued at $86,042,000 after purchasing an additional 357,661 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of Michael Kors Holdings Limited during the first quarter worth approximately $389,000. Legal & General Group Plc increased its stake in shares of Michael Kors Holdings Limited 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 period. Systematic Financial Management LP increased its stake in shares of Michael Kors Holdings Limited 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 period. Finally, ARGA Investment Management LP increased its stake in shares of Michael Kors Holdings Limited by 6.1% during the second quarter. ARGA Investment Management LP now owns 1,410,252 shares of the lifestyle brand’s stock worth $51,121,000 after purchasing an additional 81,000 shares during the period. Institutional investors own 83.39% of the company’s stock.

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Several research analysts have weighed in on KORS shares. Robert W. Baird set a $46.00 price objective on Michael Kors Holdings Limited and gave the stock a “hold” rating in a research report on Sunday. Barclays PLC initiated coverage on Michael Kors Holdings Limited in a report on Tuesday, September 19th. They set an “equal weight” rating and a $44.00 target price for the company. Wells Fargo & Company reissued a “hold” rating and issued a $49.00 target price on shares of Michael Kors Holdings Limited in a research report on Tuesday, September 26th. Canaccord Genuity raised shares of Michael Kors Holdings Limited from a “hold” rating to a “buy” rating and boosted their target price for the company from $43.00 to $58.00 in a research report on Wednesday, September 27th. Finally, ValuEngine upgraded shares of Michael Kors Holdings Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.05.

Michael Kors Holdings Limited (NYSE:KORS) opened at 48.17 on Tuesday. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 14.78 and a beta of 0.02. Michael Kors Holdings Limited has a one year low of $32.38 and a one year high of $52.67. The company has a 50-day moving average of $44.03 and a 200-day moving average of $38.47.

Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $952.40 million for the quarter, compared to the consensus estimate of $919.18 million. During the same quarter last year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts expect that Michael Kors Holdings Limited will post $3.70 EPS for the current fiscal year.

Michael Kors Holdings Limited 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.

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

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