Michael Kors Holdings Limited (NYSE:KORS) has analysts on the Bullish side this week.

April 20, 2018 - By Ellis Scott

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 is positive, 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.
3,560 were accumulated by Parallax Volatility Advisers Lp. Oregon Pub Employees Retirement Fund, Oregon-based fund reported 82,765 shares. Moreover, Dnb Asset Management As has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS) for 13,873 shares. James Inv accumulated 0.11% or 51,910 shares. Riverhead Mngmt Ltd holds 0.44% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 165,660 shares. Mitsubishi Ufj Secs Holdings Limited invested in 0.31% or 1,180 shares. 17,715 are owned by Dsam Prtn (London) Limited. Retail Bank Of Montreal Can owns 1.12 million shares. Alliancebernstein L P has 0.02% invested in Michael Kors Holdings Limited (NYSE:KORS) for 368,106 shares. Credit Agricole S A accumulated 5,000 shares. 100,568 are owned by Stifel Financial. New Mexico Educational Retirement Board holds 14,500 shares or 0.03% of its portfolio. 4,097 were accumulated by Glob X Mngmt Lc. Teacher Retirement Of Texas owns 472,152 shares. Franklin Resources invested in 30,219 shares.

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

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 has “Buy” rating given on Monday, December 18 by Jefferies. Barclays Capital maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Thursday, February 8. Barclays Capital has “Equal-Weight” rating and $75 target. Needham maintained it with “Buy” rating and $75.0 target in Thursday, February 8 report. Cowen & Co maintained the shares of KORS in report on Wednesday, February 7 with “Hold” rating. The firm earned “Hold” rating on Wednesday, February 7 by RBC Capital Markets. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Monday, October 30 by Robert W. Baird. The rating was maintained by Oppenheimer on Wednesday, January 24 with “Outperform”. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Sunday, February 4 by Robert W. Baird. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Buy” rating given on Tuesday, December 5 by Goldman Sachs. On Wednesday, November 8 the stock rating was maintained by Deutsche Bank with “Hold”. 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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