Sentry Investment Management LLC continued to hold its stake in shares of Michael Kors Holdings Limited (NYSE:KORS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,471 shares of the lifestyle brand’s stock at the close of the 2nd quarter. Sentry Investment Management LLC’s holdings in Michael Kors Holdings Limited were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KORS. OppenheimerFunds Inc. increased its position in shares of Michael Kors Holdings Limited by 25.1% during the first quarter. OppenheimerFunds Inc. now owns 15,084 shares of the lifestyle brand’s stock worth $575,000 after purchasing an additional 3,023 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Michael Kors Holdings Limited by 1.8% during the first quarter. Teachers Advisors LLC now owns 287,542 shares of the lifestyle brand’s stock worth $10,958,000 after purchasing an additional 5,162 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Michael Kors Holdings Limited by 5.8% during the first quarter. Thrivent Financial For Lutherans now owns 6,000 shares of the lifestyle brand’s stock worth $229,000 after purchasing an additional 330 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Michael Kors Holdings Limited by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 893,989 shares of the lifestyle brand’s stock worth $34,070,000 after purchasing an additional 4,101 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Michael Kors Holdings Limited during the first quarter worth approximately $12,088,000. Hedge funds and other institutional investors own 83.36% of the company’s stock.

Michael Kors Holdings Limited (NYSE KORS) opened at 49.95 on Monday. The company’s 50-day moving average price is $46.21 and its 200 day moving average price is $39.50. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 15.32 and a beta of 0.03. Michael Kors Holdings Limited has a 1-year low of $32.38 and a 1-year high of $52.67.

Michael Kors Holdings Limited (NYSE:KORS) last posted its quarterly earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. Michael Kors Holdings Limited had a return on equity of 40.26% and a net margin of 11.91%. The firm had revenue of $952.40 million during the quarter, compared to the consensus estimate of $919.18 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Michael Kors Holdings Limited will post $3.71 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/10/23/sentry-investment-management-llc-continues-to-hold-stake-in-michael-kors-holdings-limited-kors.html.

KORS has been the subject of several research reports. Jefferies Group LLC set a $60.00 price target on Michael Kors Holdings Limited and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Nomura boosted their price target on Michael Kors Holdings Limited from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Michael Kors Holdings Limited from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, August 14th. Canaccord Genuity upgraded Michael Kors Holdings Limited from a “hold” rating to a “buy” rating and boosted their price target for the stock from $43.00 to $58.00 in a research report on Wednesday, September 27th. Finally, ValuEngine upgraded Michael Kors Holdings Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.35.

Michael Kors Holdings Limited Company Profile

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.

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

Receive News & Ratings for Michael Kors Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.