Michael Kors (NYSE:KORS) had its target price hoisted by Robert W. Baird from $72.00 to $75.00 in a research report report published on Thursday. Robert W. Baird currently has a neutral rating on the lifestyle brand’s stock.

Several other research firms also recently commented on KORS. Citigroup boosted their price target on shares of Michael Kors from $69.00 to $79.00 and gave the stock a neutral rating in a research note on Thursday. Credit Suisse Group boosted their price target on shares of Michael Kors from $72.00 to $75.00 and gave the stock an outperform rating in a research note on Thursday. Needham & Company LLC boosted their price target on shares of Michael Kors from $75.00 to $79.00 and gave the stock a buy rating in a research note on Thursday. Guggenheim restated a hold rating on shares of Michael Kors in a research note on Wednesday. Finally, Royal Bank of Canada set a $74.00 price target on shares of Michael Kors and gave the stock a hold rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $73.13.

Michael Kors traded up $0.33, hitting $72.67, during trading on Thursday, MarketBeat.com reports. The company had a trading volume of 3,192,360 shares, compared to its average volume of 2,382,420. Michael Kors has a 1-year low of $41.47 and a 1-year high of $73.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.63 and a current ratio of 1.37. The company has a market capitalization of $10.80 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.15 and a beta of -0.01.

Michael Kors (NYSE:KORS) last posted its earnings results on Wednesday, August 8th. The lifestyle brand reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.37. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. Michael Kors had a net margin of 13.14% and a return on equity of 39.01%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. equities research analysts forecast that Michael Kors will post 5.02 earnings per share for the current year.

In other news, SVP Cathy Marie Robinson sold 6,097 shares of Michael Kors stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $63.58, for a total transaction of $387,647.26. Following the completion of the sale, the senior vice president now directly owns 24,936 shares of the company’s stock, valued at approximately $1,585,430.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John D. Idol sold 150,000 shares of Michael Kors stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $68.20, for a total transaction of $10,230,000.00. Following the sale, the chief executive officer now directly owns 537,546 shares of the company’s stock, valued at $36,660,637.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 468,197 shares of company stock valued at $31,860,254. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Michael Kors by 4.4% in the second quarter. BlackRock Inc. now owns 11,127,939 shares of the lifestyle brand’s stock valued at $741,120,000 after acquiring an additional 465,815 shares during the last quarter. FMR LLC lifted its position in Michael Kors by 0.5% in the second quarter. FMR LLC now owns 4,538,841 shares of the lifestyle brand’s stock valued at $302,286,000 after acquiring an additional 22,707 shares during the last quarter. Northern Trust Corp lifted its position in Michael Kors by 4.2% in the first quarter. Northern Trust Corp now owns 2,035,745 shares of the lifestyle brand’s stock valued at $126,379,000 after acquiring an additional 81,153 shares during the last quarter. Janus Henderson Group PLC lifted its position in Michael Kors by 109.9% in the second quarter. Janus Henderson Group PLC now owns 1,763,621 shares of the lifestyle brand’s stock valued at $117,457,000 after acquiring an additional 923,447 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Michael Kors by 0.9% in the first quarter. American Century Companies Inc. now owns 1,354,518 shares of the lifestyle brand’s stock valued at $84,088,000 after acquiring an additional 12,012 shares during the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Michael Kors (NYSE:KORS)

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