Michael Kors Holdings Ltd (NYSE:KORS) has earned an average rating of “Hold” from the thirty-four analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $72.81.

A number of research analysts have commented on the company. Zacks Investment Research raised Michael Kors from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Friday, August 10th. Credit Suisse Group upped their price objective on Michael Kors from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Robert W. Baird upped their price objective on Michael Kors from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Citigroup upped their price objective on Michael Kors from $69.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, Barclays upped their price objective on Michael Kors from $73.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, August 9th.

Shares of NYSE KORS opened at $42.43 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.71 and a debt-to-equity ratio of 0.23. Michael Kors has a one year low of $42.04 and a one year high of $75.96. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.36 and a beta of 0.32.

Michael Kors (NYSE:KORS) last issued its quarterly earnings data on Wednesday, November 7th. The lifestyle brand reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.18. Michael Kors had a return on equity of 36.66% and a net margin of 11.57%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts forecast that Michael Kors will post 5.02 earnings per share for the current fiscal year.

In related news, CEO John D. Idol sold 6,676 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $65.26, for a total value of $435,675.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael David Kors sold 179,920 shares of the firm’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $67.74, for a total value of $12,187,780.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 516,516 shares of company stock worth $36,817,667. 6.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Signet Financial Management LLC acquired a new stake in Michael Kors in the second quarter valued at about $140,000. First Mercantile Trust Co. boosted its stake in Michael Kors by 114.3% in the third quarter. First Mercantile Trust Co. now owns 2,400 shares of the lifestyle brand’s stock valued at $164,000 after buying an additional 1,280 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Michael Kors in the third quarter valued at about $169,000. Dynamic Technology Lab Private Ltd acquired a new stake in Michael Kors in the second quarter valued at about $200,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in Michael Kors in the third quarter valued at about $203,000. 86.94% of the stock is currently owned by institutional investors and hedge funds.

Michael Kors Company Profile

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

See Also: Futures Contract

Analyst Recommendations for Michael Kors (NYSE:KORS)

Receive News & Ratings for Michael Kors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors and related companies with MarketBeat.com's FREE daily email newsletter.