Michael Kors Holdings Limited (NYSE:KORS) SVP Krista A. Mcdonough sold 7,500 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $55.93, for a total transaction of $419,475.00. Following the transaction, the senior vice president now owns 10,647 shares in the company, valued at $595,486.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Kors Holdings Limited (NYSE KORS) opened at $56.61 on Thursday. Michael Kors Holdings Limited has a one year low of $32.38 and a one year high of $56.72. The stock has a market capitalization of $8,565.92, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.90 and a beta of 0.05.

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

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A number of research firms recently issued reports on KORS. Citigroup Inc. began coverage on shares of Michael Kors Holdings Limited in a research report on Thursday, November 2nd. They set a “positive” rating and a $62.00 target price for the company. Susquehanna Bancshares Inc began coverage on shares of Michael Kors Holdings Limited in a research report on Thursday, November 2nd. They set a “positive” rating and a $62.00 target price for the company. CIBC raised shares of Michael Kors Holdings Limited from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, September 19th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 target price on shares of Michael Kors Holdings Limited in a research report on Thursday, September 14th. Finally, ValuEngine downgraded shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.84.

A number of hedge funds have recently bought and sold shares of the business. IFM Investors Pty Ltd bought a new stake in Michael Kors Holdings Limited in the third quarter valued at $288,000. California Public Employees Retirement System lifted its stake in Michael Kors Holdings Limited by 3.1% in the third quarter. California Public Employees Retirement System now owns 500,027 shares of the lifestyle brand’s stock valued at $23,926,000 after buying an additional 14,927 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Michael Kors Holdings Limited by 58.8% in the third quarter. Janus Henderson Group PLC now owns 64,058 shares of the lifestyle brand’s stock valued at $3,065,000 after buying an additional 23,717 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Michael Kors Holdings Limited in the third quarter valued at $704,000. Finally, Asset Management One Co. Ltd. lifted its stake in Michael Kors Holdings Limited by 5,343.5% in the third quarter. Asset Management One Co. Ltd. now owns 237,226 shares of the lifestyle brand’s stock valued at $11,351,000 after buying an additional 232,868 shares during the last quarter. Institutional investors own 87.20% of the company’s stock.

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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