Michael Kors Holdings Ltd (NASDAQ:KORS) Receives Average Rating of “Hold” from Analysts

Shares of Michael Kors Holdings Ltd (NASDAQ:KORS) have received an average recommendation of “Hold” from the thirty-seven brokerages that are covering the firm, MarketBeat.Com reports. Twenty-two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $52.71.
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Michael Kors Holdings from $45.00 to $42.00 in a research note on Tuesday, January 19th. Vetr raised shares of Michael Kors Holdings from a “hold” rating to a “buy” rating and set a $58.51 price objective for the company in a research note on Monday, February 22nd. Jefferies Group reaffirmed a “buy” rating on shares of Michael Kors Holdings in a research note on Monday, February 1st. They noted that the move was a valuation call. Mizuho upped their price objective on shares of Michael Kors Holdings from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, February 2nd. Finally, Zacks Investment Research raised shares of Michael Kors Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Monday, March 7th.
Michael Kors Holdings (NASDAQ:KORS) opened at 51.19 on Wednesday. Michael Kors Holdings has a one year low of $34.83 and a one year high of $64.98. The stock has a 50 day moving average of $56.35 and a 200 day moving average of $45.46. The firm has a market cap of $9.16 billion and a price-to-earnings ratio of 11.81.

Michael Kors Holdings (NASDAQ:KORS) last released its quarterly earnings results on Tuesday, February 2nd. The lifestyle brand reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.13. During the same period in the prior year, the firm earned $1.48 EPS. The company earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Michael Kors Holdings’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Michael Kors Holdings will post $4.43 EPS for the current fiscal year.
Several institutional investors have bought and sold shares of KORS. Convector Capital Management LP acquired a new position in Michael Kors Holdings during the fourth quarter worth about $1,122,000. Janus Capital Management boosted its stake in Michael Kors Holdings by 10.0% in the third quarter. Janus Capital Management now owns 103,504 shares of the lifestyle brand’s stock worth $4,372,000 after buying an additional 9,369 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in Michael Kors Holdings during the fourth quarter worth approximately $5,078,000. Wilsey Asset Management boosted its stake in Michael Kors Holdings by 4.1% in the fourth quarter. Wilsey Asset Management now owns 152,141 shares of the lifestyle brand’s stock worth $6,094,000 after buying an additional 5,976 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Michael Kors Holdings by 115.3% in the fourth quarter. Nordea Investment Management AB now owns 253,299 shares of the lifestyle brand’s stock worth $10,147,000 after buying an additional 135,651 shares during the last quarter.
Michael Kors Holdings Limited is a global accessories, footwear and apparel company. The Company operates its business in three segments: retail, wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection, it offers accessories, including handbags and small leather goods, many of which are made from leathers and other exotic skins, footwear and apparel, including ready-to-wear women swear and menswear.

Over 80% OFF Discount Michael Kors Merchandize Online

With his original eponymous collection, Cheap Michael Kors continues to show he can still do elevated design, and make it look easy, while designing crowd favorites for his more affordable Kors diffusion line.

There’s something so timeless about the Rogers shoulder bag. Dare I say it almost has a Hermès quality to it? Perhaps it’s the mushroom-taupe color of the lightly pebbled leather, which is totally reminiscent of Hermès’ classic etoupe hue. It’s not just the color that has won me over here. I’m dying over the knotted strap detail that feeds through the slits (a bit evocative of Céline, now that I think about it). You might want to classify this as a hobo, thanks to the curved shape, but this has way more function. Keep your easy-access essentials in the separated front pouch that remains open, and put the rest in the main section, which features a snap-tab closure. Even though it’s spacious, this bag is quite flat, which I find more refined and feminine than your regular hobo. And than your regular day bag, for that matter. Cheap Michael Kors Handbags Rogers bag on NET-A-PORTER for $1,285.

Wear with: Speaking of feminine and refined, keep up the momentum with Gianvito Rossi’s pair of pink suede ankle boots. A girlish color gets contrasted with a cool mod style. On My Theresa for $950.

With Discount Michael Kors Handbags becoming so ubiquitous (look around the mall or TSA line, and see how many you can spot), it has definitely chipped away at the luxury of the Michael Kors Collection. So be it, thinks Michael, as he checks the balance of his bank account. But I call it like I see it, and this is a great bag.

I recently helped my sister shop for something new, and this is what she ended up with. It has all the hallmarks of a long-term, investment-worthy buy, timeless and versatile – the gray is the cold concrete shade that works year-round, the convertible zippers add to the functionality, and the silhouette has just enough character to make a statement without wearing out its welcome. When you zip up the corners, you get a tall north-south shape, then with them undone, the corners flap down for a whole new look! And though I love the color as is, for a boost of luxury, the snake in shades of gray sets the heart on fire. Available at Discount Michael Kors in watersnakeicon ($1,595) and tan leathericon ($995), and on Shopbop in gray leather ($995).

The Michael Kors era at Céline ended over a decade ago, and today it seems his namesake brand couldn’t be more different than the French house. But once upon a time, Michael Kors was the king of Céline, and he made the most amazing platform shoes you’d ever seen. I still have two pairs of stacked heels from his tenure, and they’re not unlike these here.

This is what I love about Michael. He can design a platform that won’t make women look like clowns or that they’re walking around in alien spaceships. These are timeless shoes, chic and surprisingly comfortable. Far too often I see girls hobbling around in pain, even limping during Fashion Week. Why?? Don’t be a fashion victim! Wear what works for you, not whatever is on-trend at the moment because no matter how trendy it is, you won’t look (or feel) good walking around as if on pins and needles. As a lover of platforms, I’ll be hunting these down in every color I can find, starting with the nautically inclined navy blue and white Christina and the nutmeg-hued Crista. Michael Kors platform sandals at Michael Kors for $750 each.