Michael Kors Holdings Limited (NYSE:KORS) was the target of some unusual options trading on Monday. Traders bought 28,450 put options on the stock. This is an increase of Infinity compared to the average daily volume of 0 put options.

Michael Kors Holdings Limited (KORS) opened at $54.71 on Friday. The company has a market capitalization of $8,330.00, a P/E ratio of 11.99, a PEG ratio of 1.82 and a beta of 0.05. Michael Kors Holdings Limited has a fifty-two week low of $32.38 and a fifty-two week high of $55.25.

Michael Kors Holdings Limited (NYSE:KORS) last posted its earnings results on Monday, November 6th. The lifestyle brand reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.50. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.05 billion. Michael Kors Holdings Limited had a return on equity of 42.09% and a net margin of 12.68%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. sell-side analysts predict that Michael Kors Holdings Limited will post 3.95 EPS for the current fiscal year.

In related news, CEO John D. Idol sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $55.12, for a total value of $27,560.00. Following the completion of the transaction, the chief executive officer now directly owns 1,688,046 shares of the company’s stock, valued at approximately $93,045,095.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC boosted its position in shares of Michael Kors Holdings Limited by 19.3% during the third quarter. Balasa Dinverno & Foltz LLC now owns 8,677 shares of the lifestyle brand’s stock worth $415,000 after buying an additional 1,404 shares during the period. Schroder Investment Management Group boosted its position in shares of Michael Kors Holdings Limited by 17.4% during the second quarter. Schroder Investment Management Group now owns 2,410,156 shares of the lifestyle brand’s stock worth $86,042,000 after buying an additional 357,661 shares during the period. Legal & General Group Plc boosted its position in shares of Michael Kors Holdings Limited by 5.1% during the second quarter. Legal & General Group Plc now owns 818,344 shares of the lifestyle brand’s stock worth $29,663,000 after buying an additional 39,949 shares during the period. Systematic Financial Management LP boosted its position in shares of Michael Kors Holdings Limited by 9,030.5% during the second quarter. Systematic Financial Management LP now owns 251,090 shares of the lifestyle brand’s stock worth $9,102,000 after buying an additional 248,340 shares during the period. Finally, ARGA Investment Management LP boosted its position in shares of Michael Kors Holdings Limited by 6.1% during the second quarter. ARGA Investment Management LP now owns 1,410,252 shares of the lifestyle brand’s stock worth $51,121,000 after buying an additional 81,000 shares during the period. 84.25% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the company. MKM Partners raised Michael Kors Holdings Limited from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating on shares of Michael Kors Holdings Limited in a research report on Friday. TheStreet raised Michael Kors Holdings Limited from a “c+” rating to a “b” rating in a research report on Monday, November 6th. Piper Jaffray Companies reissued a “hold” rating and set a $57.00 price target on shares of Michael Kors Holdings Limited in a research report on Monday, November 6th. Finally, Telsey Advisory Group raised their price target on Michael Kors Holdings Limited from $49.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.63.

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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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