Thompson Investment Management Inc. lessened its stake in shares of Michael Kors Holdings Limited (NYSE:KORS) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,450 shares of the lifestyle brand’s stock after selling 2,175 shares during the quarter. Thompson Investment Management Inc.’s holdings in Michael Kors Holdings Limited were worth $500,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KORS. Pacer Advisors Inc. purchased a new stake in shares of Michael Kors Holdings Limited during the 2nd quarter worth approximately $114,000. Sandy Spring Bank raised its position in Michael Kors Holdings Limited by 0.9% in the 2nd quarter. Sandy Spring Bank now owns 4,350 shares of the lifestyle brand’s stock valued at $158,000 after purchasing an additional 40 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Michael Kors Holdings Limited by 105.1% in the 2nd quarter. TrimTabs Asset Management LLC now owns 4,537 shares of the lifestyle brand’s stock valued at $164,000 after purchasing an additional 2,325 shares during the last quarter. Creative Planning raised its position in Michael Kors Holdings Limited by 30.8% in the 2nd quarter. Creative Planning now owns 5,005 shares of the lifestyle brand’s stock valued at $181,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Michael Kors Holdings Limited in the 2nd quarter valued at $188,000. Institutional investors and hedge funds own 85.21% of the company’s stock.

Several equities analysts have issued reports on the stock. MKM Partners raised shares of Michael Kors Holdings Limited from a “sell” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research note on Tuesday, November 7th. ValuEngine raised shares of Michael Kors Holdings Limited from a “hold” rating to a “buy” rating in a research note on Tuesday. Cowen and Company reissued a “hold” rating on shares of Michael Kors Holdings Limited in a research note on Friday, November 10th. Zacks Investment Research raised shares of Michael Kors Holdings Limited from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective on the stock in a research note on Wednesday, November 8th. Finally, Susquehanna Bancshares Inc started coverage on shares of Michael Kors Holdings Limited in a research note on Thursday, November 2nd. They issued a “positive” rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.84.

In other news, CEO John D. Idol sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 of the company’s stock, valued at $93,045,095.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director M William Benedetto sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $53.60, for a total transaction of $107,200.00. Following the sale, the director now directly owns 18,662 shares of the company’s stock, valued at approximately $1,000,283.20. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

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Shares of Michael Kors Holdings Limited (NYSE KORS) traded up $0.58 during trading hours on Friday, reaching $55.76. 1,920,700 shares of the company’s stock traded hands, compared to its average volume of 2,523,704. Michael Kors Holdings Limited has a one year low of $32.38 and a one year high of $56.14. The firm has a market capitalization of $8,550.00, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.86 and a beta of 0.05.

Michael Kors Holdings Limited (NYSE:KORS) last issued its quarterly earnings data on Monday, November 6th. The lifestyle brand reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.50. Michael Kors Holdings Limited had a net margin of 12.68% and a return on equity of 42.09%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.95 earnings per share. Michael Kors Holdings Limited’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts predict that Michael Kors Holdings Limited will post 3.96 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.

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

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