Notable Mover: Today Michael Kors Holdings Ltd Stock Rises

Notable Mover: Today Michael Kors Holdings Ltd Stock Rises

The stock of Michael Kors Holdings Ltd (NYSE:KORS) is a huge mover today! About 476,269 shares traded hands. Michael Kors Holdings Ltd (NYSE:KORS) has declined 5.83% since April 22, 2016 and is downtrending. It has underperformed by 11.24% the S&P500.
The move comes after 8 months positive chart setup for the $8.13B company. It was reported on Nov, 25 by Barchart.com. We have $52.14 PT which if reached, will make NYSE:KORS worth $487.80 million more.

Analysts await Michael Kors Holdings Ltd (NYSE:KORS) to report earnings on February, 7. They expect $1.62 EPS, up 1.89% or $0.03 from last year’s $1.59 per share. KORS’s profit will be $267.75 million for 7.59 P/E if the $1.62 EPS becomes a reality. After $0.95 actual EPS reported by Michael Kors Holdings Ltd for the previous quarter, Wall Street now forecasts 70.53% EPS growth.

Michael Kors Holdings Ltd (NYSE:KORS) Ratings Coverage

Out of 20 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 4 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 20% are positive. Michael Kors Holdings Ltd has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, July 30 by BB&T Capital. The stock of Michael Kors Holdings Ltd (NYSE:KORS) earned “Market Perform” rating by Cowen & Co on Monday, October 26. The firm earned “Sell” rating on Thursday, September 29 by CLSA. The firm has “Neutral” rating by Buckingham Research given on Friday, July 24. The firm has “Neutral” rating given on Thursday, August 11 by Goldman Sachs. Wells Fargo reinitiated the stock with “Market Perform” rating in Thursday, October 22 report. The firm has “Neutral” rating given on Friday, October 23 by Mizuho. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has “Underweight” rating given on Sunday, August 9 by Piper Jaffray. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has “Neutral” rating given on Thursday, August 11 by JP Morgan. The rating was maintained by Mizuho with “Neutral” on Friday, January 22.

According to Zacks Investment Research, “Michael Kors is a global accessories, footwear and apparel company. They offer two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. They also offer select footwear and outerwear through their KORS Michael Kors accessible luxury collection. They operate their business in three segments-retail, wholesale and licensing-and have a global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.28, from 1 in 2016Q1. The ratio turned negative, as 61 funds sold all Michael Kors Holdings Ltd shares owned while 142 reduced positions. 48 funds bought stakes while 155 increased positions. They now own 154.37 million shares or 6.71% more from 144.66 million shares in 2016Q1.
Cipher Capital Lp has invested 0.04% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). State Bank Of Ny Mellon owns 4.17M shares or 0.06% of their US portfolio. Keybank Natl Association Oh reported 8,589 shares or 0% of all its holdings. Wasatch Advsr holds 0.23% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS) for 301,788 shares. The Massachusetts-based Panagora Asset Mgmt has invested 0.18% in Michael Kors Holdings Ltd (NYSE:KORS). Moreover, Hillsdale Invest Management Inc has 0.1% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 7,150 shares. Walleye Trading Ltd Com owns 62,130 shares or 0.02% of their US portfolio. Fort Ltd Partnership last reported 203,052 shares in the company. Wells Fargo Com Mn has invested 0.01% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Daiwa Securities Grp owns 63,690 shares or 0.02% of their US portfolio. Bnp Paribas Arbitrage has invested 0.02% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Manufacturers Life Insur The, a Ontario – Canada-based fund reported 440,399 shares. Principal Financial Gp last reported 0.02% of its portfolio in the stock. Delta Lloyd Nv last reported 22,353 shares in the company. Moreover, Royal Fincl Bank Of Canada has 0.02% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 681,891 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 5 selling transactions for $5.77 million net activity. $3.84M worth of Michael Kors Holdings Ltd (NYSE:KORS) was sold by Sporn Lee S.. Robinson Cathy Marie had sold 759 shares worth $37,869 on Wednesday, June 15.

Another recent and important Michael Kors Holdings Ltd (NYSE:KORS) news was published by Marketwatch.com which published an article titled: “Michael Kors earnings: What to watch” on November 08, 2016.

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