Michael Kors Holdings Limited (NYSE:KORS)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a report released on Friday.

A number of other analysts have also issued reports on the stock. ValuEngine lowered shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group reiterated a “hold” rating and set a $43.00 price objective on shares of Michael Kors Holdings Limited in a research note on Sunday, September 10th. BidaskClub upgraded shares of Michael Kors Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Sanford C. Bernstein started coverage on shares of Michael Kors Holdings Limited in a research note on Tuesday, September 12th. They set an “underperform” rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Michael Kors Holdings Limited currently has an average rating of “Hold” and a consensus price target of $49.84.

Shares of Michael Kors Holdings Limited (NYSE KORS) traded up $0.18 during mid-day trading on Friday, reaching $54.71. 2,617,800 shares of the company’s stock were exchanged, compared to its average volume of 3,033,369. The firm has a market capitalization of $8,319.59, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.05. Michael Kors Holdings Limited has a 1 year low of $32.38 and a 1 year high of $55.25.

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

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In related news, CEO John D. Idol sold 500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $55.12, for a total value 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 is accessible through the SEC website. Corporate insiders own 6.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management acquired a new stake in Michael Kors Holdings Limited in the third quarter worth about $4,255,000. Cadence Capital Management LLC lifted its holdings in Michael Kors Holdings Limited by 11.0% in the third quarter. Cadence Capital Management LLC now owns 32,990 shares of the lifestyle brand’s stock worth $1,579,000 after purchasing an additional 3,258 shares during the period. Schroder Investment Management Group lifted its holdings in Michael Kors Holdings Limited by 0.8% in the third quarter. Schroder Investment Management Group now owns 2,429,162 shares of the lifestyle brand’s stock worth $115,895,000 after purchasing an additional 19,006 shares during the period. Achmea Investment Management B.V. lifted its holdings in Michael Kors Holdings Limited by 22.9% in the third quarter. Achmea Investment Management B.V. now owns 42,252 shares of the lifestyle brand’s stock worth $2,019,000 after purchasing an additional 7,867 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Michael Kors Holdings Limited by 17.5% in the third quarter. Great West Life Assurance Co. Can now owns 555,411 shares of the lifestyle brand’s stock worth $26,446,000 after purchasing an additional 82,826 shares during the period. 84.25% of the stock is owned by institutional investors and hedge funds.

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.

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

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