Exxonmobil Investment Management Inc. TX trimmed its position in shares of Michael Kors Holdings Ltd (NYSE:KORS) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,181 shares of the lifestyle brand’s stock after selling 3,505 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Michael Kors were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Allied Advisory Services Inc. increased its holdings in shares of Michael Kors by 5.3% in the second quarter. First Allied Advisory Services Inc. now owns 6,752 shares of the lifestyle brand’s stock valued at $251,000 after purchasing an additional 337 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Michael Kors by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 53,165 shares of the lifestyle brand’s stock valued at $2,555,000 after purchasing an additional 1,100 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its holdings in shares of Michael Kors by 19.3% in the third quarter. Balasa Dinverno & Foltz LLC now owns 8,677 shares of the lifestyle brand’s stock valued at $415,000 after purchasing an additional 1,404 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Michael Kors by 2.1% in the third quarter. Pictet Asset Management Ltd. now owns 86,502 shares of the lifestyle brand’s stock valued at $4,139,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in shares of Michael Kors by 9.1% in the third quarter. Ingalls & Snyder LLC now owns 22,755 shares of the lifestyle brand’s stock valued at $1,089,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

In related news, SVP Krista A. Mcdonough sold 7,500 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $55.93, for a total transaction of $419,475.00. Following the completion of the sale, the senior vice president now owns 10,647 shares of the company’s stock, valued at $595,486.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John D. Idol sold 500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $55.12, for a total transaction of $27,560.00. Following the sale, the chief executive officer now directly owns 1,688,046 shares of the company’s stock, valued at approximately $93,045,095.52. The disclosure for this sale can be found here. Insiders have sold 16,835 shares of company stock valued at $964,403 in the last ninety days. 6.00% of the stock is currently owned by company insiders.

Shares of Michael Kors Holdings Ltd (KORS) opened at $64.63 on Thursday. Michael Kors Holdings Ltd has a 52-week low of $32.38 and a 52-week high of $65.37. The firm has a market cap of $9,707.94, a PE ratio of 18.00, a P/E/G ratio of 2.15 and a beta of 0.12.

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

KORS has been the topic of several research reports. Wells Fargo & Co reiterated a “hold” rating and issued a $49.00 price objective on shares of Michael Kors in a report on Tuesday, September 26th. Canaccord Genuity upgraded shares of Michael Kors from a “hold” rating to a “buy” rating and upped their price objective for the company from $43.00 to $58.00 in a report on Wednesday, September 27th. ValuEngine upgraded shares of Michael Kors from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Robert W. Baird set a $46.00 price objective on shares of Michael Kors and gave the company a “hold” rating in a report on Sunday, October 1st. Finally, Buckingham Research set a $52.00 price objective on shares of Michael Kors and gave the company a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $52.81.

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Michael Kors 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 (NYSE:KORS)

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