Discussion stirs around Michael Kors Holdings Limited (NYSE:KORS) this week; here is what analysts are saying.

April 20, 2018 - By Louis Casey

Michael Kors Holdings Limited (NYSE:KORS) LogoInvestors sentiment increased to 1.44 in 2017 Q4. Its up 0.50, from 0.94 in 2017Q3. It increased, as 36 investors sold Michael Kors Holdings Limited shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported.
200,000 are held by Shellback Limited Partnership. Gotham Asset Management Ltd Liability holds 182,239 shares. Fuller & Thaler Asset Mgmt invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Farmers Merchants Invests holds 0% in Michael Kors Holdings Limited (NYSE:KORS) or 158 shares. Dsam (London) Limited reported 17,715 shares. Dupont Mgmt Corporation reported 124,314 shares. Highstreet Asset Management Inc holds 0.06% or 14,988 shares. Boston Prtnrs owns 62,300 shares for 0% of their portfolio. Rampart Ltd Limited Liability Company owns 2,037 shares. Federated Invsts Inc Pa invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Aperio Group Limited Liability Corporation reported 0.09% stake. Tuttle Tactical Mngmt Limited Liability Company holds 0.89% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 11,650 shares. Adage Ptnrs Grp Ltd Liability Company has 0.03% invested in Michael Kors Holdings Limited (NYSE:KORS). Ameriprise Financial holds 0% or 116,164 shares in its portfolio. Renaissance Ltd invested 0.02% in Michael Kors Holdings Limited (NYSE:KORS).

Since February 13, 2018, it had 0 insider buys, and 5 insider sales for $34.55 million activity. 4,000 shares were sold by Benedetto M William, worth $255,752 on Friday, February 16. On Friday, March 2 Kors Michael David sold $15.12M worth of Michael Kors Holdings Limited (NYSE:KORS) or 246,590 shares. Reitman Stephen F had sold 6,500 shares worth $406,065 on Tuesday, February 13.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 22 analysts covering Michael Kors (NYSE:KORS), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. Michael Kors had 35 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 23 by Susquehanna. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 8. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Equal-Weight” rating given on Thursday, January 25 by Barclays Capital. The firm has “Buy” rating by Jefferies given on Wednesday, February 7. The firm has “Hold” rating by Robert W. Baird given on Monday, October 30. As per Thursday, February 8, the company rating was maintained by Nomura. The stock has “Buy” rating by Canaccord Genuity on Tuesday, November 7. As per Thursday, February 8, the company rating was maintained by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Thursday, February 8. The rating was maintained by Jefferies on Friday, October 27 with “Buy”. Below is a list of Michael Kors Holdings Limited (NYSE:KORS) latest ratings and price target changes.

12/03/2018 Broker: Credit Suisse Rating: Outperform New Target: $75 Initiates Coverage On
09/02/2018 Broker: J.P. Morgan Rating: Hold New Target: $62.0
08/02/2018 Broker: Susquehanna Rating: Buy New Target: $86.0 Maintain
07/02/2018 Broker: Cowen & Co Rating: Hold New Target: $71.0 Maintain
08/02/2018 Broker: Needham Rating: Buy New Target: $75.0 Maintain
07/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $71.0 Maintain
07/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $65.0 Maintain
07/02/2018 Broker: Jefferies Rating: Buy New Target: $90.0 Maintain
08/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $58 New Target: $69 Maintain
08/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $51 New Target: $57 Maintain

The stock decreased 0.99% or $0.65 during the last trading session, reaching $65.06. About 599,555 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since April 20, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ’s apparel and accessories, and menÂ’s apparel. The company has market cap of $9.90 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 19.54 P/E ratio. The Retail segment is involved in the sale of womenÂ’s apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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