Martingale Asset Management L P boosted its stake in Michael Kors Holdings Ltd (NYSE:KORS) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,627 shares of the lifestyle brand’s stock after buying an additional 18,511 shares during the period. Martingale Asset Management L P’s holdings in Michael Kors Holdings were worth $3,264,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KORS. Itau Unibanco Holding S.A. purchased a new stake in Michael Kors Holdings during the third quarter valued at about $125,000. Fuller & Thaler Asset Management Inc. increased its stake in Michael Kors Holdings by 65.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,300 shares of the lifestyle brand’s stock valued at $201,000 after buying an additional 1,700 shares during the period. First Heartland Consultants Inc. purchased a new stake in Michael Kors Holdings during the third quarter valued at about $201,000. Seven Eight Capital LP purchased a new stake in Michael Kors Holdings during the fourth quarter valued at about $205,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in Michael Kors Holdings during the third quarter valued at about $207,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Michael Kors Holdings (NYSE:KORS)

Michael Kors Holdings Ltd (NYSE:KORS) traded up 0.35% on Friday, hitting $36.76. 1,547,501 shares of the stock traded hands. The stock has a 50-day moving average of $37.18 and a 200-day moving average of $40.79. Michael Kors Holdings Ltd has a 12-month low of $34.92 and a 12-month high of $53.29. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 8.40 and a beta of 0.70.

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Several equities research analysts recently issued reports on KORS shares. Piper Jaffray Companies dropped their price target on shares of Michael Kors Holdings to $34.00 in a research note on Wednesday, February 8th. Cowen and Company decreased their price objective on shares of Michael Kors Holdings to $40.00 in a report on Wednesday, February 8th. Jefferies Group LLC set a $65.00 price objective on shares of Michael Kors Holdings and gave the stock a “buy” rating in a report on Tuesday, February 7th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price objective on shares of Michael Kors Holdings in a report on Tuesday, February 7th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $50.00 price objective (down from $56.00) on shares of Michael Kors Holdings in a report on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.54.

About Michael Kors Holdings

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.

12 Month Chart for NYSE:KORS

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