How Have Michael Kors Holdings Limited (KORS) Earnings Outlook Changed?

Is Buying Michael Kors Holdings Limited (NYSE:KORS) Here Good Idea?

The Virginia-based Thompson Siegel Walmsley has invested 1.1% in Michael Kors Holdings Limited (NYSE:KORS). Invesco accumulated 5.05 million shares or 0.06% of the stock. Financial Advisors Network Inc. now owns 7,854 shares of the lifestyle brand's stock valued at $285,000 after acquiring an additional 379 shares during the last quarter.

Federated Investors Inc decreased Chimera Invt Corp stake by 1.04 million shares to 2.22 million valued at $41.40 million in 2017Q2. Royal Retail Bank Of Canada owns 270,470 shares. Caisse DE Depot ET Placement DU Quebec boosted its position in Michael Kors by 2.1% in the 3rd quarter. The stock's price to sales ratio for trailing twelve months is 2.05 and price to book ratio for the most recent quarter is 5.14, whereas price to cash per share for the most recent quarter are 52.06. Finally, Penserra Capital Management LLC acquired a new position in shares of Michael Kors during the second quarter valued at about $188,000. 25,249 are owned by Hightower Ltd Llc.

Several other institutional investors have also bought shares of the company. As a result results using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference. Da Davidson & owns 68 shares for 0% of their portfolio. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John D. Idol sold 500 shares of the firm's stock in a transaction on Tuesday, November 7th. The disclosure for this sale can be found here. OCRX exchanged 0 million shares in recent session versus to the average volume of 0.62 million shares while its relative volume is 1.60. Most company stocks have very little volatility.

Several equities research analysts have recently weighed in on the stock. Buckingham Research set a $34.00 price target on Michael Kors and gave the company a hold rating in a research note on Tuesday, August 8th. ValuEngine raised shares of Michael Kors from a "hold" rating to a "buy" rating in a research report on Tuesday, November 14th. Finally, Canaccord Genuity upped their price objective on shares of Michael Kors from $33.00 to $43.00 and gave the company a hold rating in a research report on Wednesday, August 9th. The firm issued a buy rating and a $70.00 price target on the lifestyle brand's stock. The rating was initiated by BB&T Capital on Thursday, July 30 with "Hold". A 7 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of KORS or, if they already own its stock, sell it. RBC Capital Markets has "Sector Perform" rating and $52 target.

Global fashion brand Michael Kors Holdings Limited - which includes Michael Kors and Jimmy Choo - announced today that it will no longer use animal fur in its products.

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The stock increased 0.44% or $0.01 during the last trading session, reaching $2.26.

Stock is set to do some what above than the market returns analyst Paul Trussell from Deutsche Bank reiterate current rating of HoldAnd Raises PTs to 56 to rightly reflect the trends with raise of 21.74% from earlier PT of 46Firms current near term investments and other marketable securities are at 2.8 Current Ratio, in any case company can meet near-term operating needs easily and looks like it makes the grade again. Michael Kors has a 1-year low of $32.38 and a 1-year high of $62.30.

Michael Kors (NYSE:KORS) last posted its quarterly earnings data on Monday, November 6th. After $1.33 actual earnings per share reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -5.26 % negative EPS growth. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.05 billion. New York-based Ingalls Snyder has invested 0.04% in Michael Kors Holdings Limited (NYSE:KORS). 6,829 were reported by First Heartland Consultants. If you are accessing this report on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright laws.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on February, 6. The Company operates through three segments: retail, wholesale and licensing.

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