Published On: Wed, Oct 19th, 2016

Analyst Coverage: Michael Kors Holdings Limited (NYSE:KORS)


Recently stock market analysts have updated their consensus ratings on shares of Michael Kors Holdings Limited (NYSE:KORS).

Most recent broker ratings

09/30/2016 – Guggenheim began new coverage on Michael Kors Holdings Limited giving the company a “neutral” rating.

09/28/2016 – CLSA began new coverage on Michael Kors Holdings Limited giving the company a “sell” rating. They now have a USD 45 price target on the stock.

09/08/2016 – Michael Kors Holdings Limited had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 64 price target on the stock.

08/11/2016 – Michael Kors Holdings Limited had its “market perform” rating reiterated by analysts at BMO Capital Markets. They now have a USD 46 price target on the stock.

08/11/2016 – Michael Kors Holdings Limited had its “neutral” rating reiterated by analysts at Citigroup. They now have a USD 51 price target on the stock.

08/11/2016 – Michael Kors Holdings Limited had its “neutral” rating reiterated by analysts at Wedbush. They now have a USD 44 price target on the stock.

08/11/2016 – Michael Kors Holdings Limited had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 52 price target on the stock.

08/08/2016 – Michael Kors Holdings Limited had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 56 price target on the stock.

08/03/2016 – Michael Kors Holdings Limited had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 75 price target on the stock.

06/02/2016 – Michael Kors Holdings Limited had its “sector perform” rating reiterated by analysts at RBC Capital. They now have a USD 51 price target on the stock.

06/02/2016 – Michael Kors Holdings Limited had its “hold” rating reiterated by analysts at Canaccord Genuity. They now have a USD 45 price target on the stock.

06/01/2016 – Michael Kors Holdings Limited had its “neutral” rating reiterated by analysts at Mizuho. They now have a USD 50 price target on the stock.

05/31/2016 – Michael Kors Holdings Limited had its “neutral” rating reiterated by analysts at Buckingham Research. They now have a USD 47 price target on the stock.

05/17/2016 – Michael Kors Holdings Limited had its “buy” rating reiterated by analysts at BB&T Capital Markets. They now have a USD 58 price target on the stock.

04/22/2016 – Michael Kors Holdings Limited had its “market perform” rating reiterated by analysts at Cowen.

Michael Kors Holdings Limited has a 50 day moving average of 48.00 and a 200 day moving average of 49.19. The stock’s market capitalization is 8.02B, it has a 52-week low of 34.83 and a 52-week high of 59.49.

The share price of the company (NYSE:KORS) was up +2.08%, with a high of 47.85during the day and the volume of Michael Kors Holdings Limited shares traded was 2493208.

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. The Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (the United States, Canada and Latin America), Europe and Asia, as well as e-commerce. Wholesale revenues are principally derived from major department and specialty stores located throughout the Americas, Europe and Asia. The Company licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men’s suits, swimwear, furs and ties, as well as through geographic licenses.