Michael Kors Holdings Limited (NYSE:KORS) SVP Krista A. Mcdonough sold 7,500 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $55.93, for a total value of $419,475.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Michael Kors Holdings Limited (NYSE:KORS) traded down $0.14 during trading hours on Monday, reaching $56.15. The company had a trading volume of 2,367,385 shares, compared to its average volume of 2,519,201. The firm has a market capitalization of $8,559.83, a P/E ratio of 12.51, a P/E/G ratio of 1.90 and a beta of 0.05. Michael Kors Holdings Limited has a 1-year low of $32.38 and a 1-year high of $56.72.

Michael Kors Holdings Limited (NYSE:KORS) last issued its quarterly earnings results on Monday, November 6th. The lifestyle brand reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.50. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.05 billion. Michael Kors Holdings Limited had a return on equity of 42.09% and a net margin of 12.68%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. equities analysts expect that Michael Kors Holdings Limited will post 3.96 EPS for the current fiscal year.

WARNING: “Insider Selling: Michael Kors Holdings Limited (KORS) SVP Sells 7,500 Shares of Stock” was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/20/insider-selling-michael-kors-holdings-limited-kors-svp-sells-7500-shares-of-stock.html.

A number of equities research analysts recently commented on the company. MKM Partners upgraded Michael Kors Holdings Limited from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a report on Tuesday, November 7th. ValuEngine raised Michael Kors Holdings Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Cowen and Company reissued a “hold” rating on shares of Michael Kors Holdings Limited in a research note on Friday, November 10th. Zacks Investment Research raised Michael Kors Holdings Limited from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a research note on Wednesday, November 8th. Finally, Susquehanna Bancshares Inc began coverage on Michael Kors Holdings Limited in a research note on Thursday, November 2nd. They issued a “positive” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Michael Kors Holdings Limited has an average rating of “Hold” and a consensus target price of $49.84.

Several hedge funds have recently modified their holdings of KORS. Teachers Advisors LLC boosted its holdings in shares of Michael Kors Holdings Limited by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 287,542 shares of the lifestyle brand’s stock valued at $10,958,000 after purchasing an additional 5,162 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Michael Kors Holdings Limited by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,000 shares of the lifestyle brand’s stock valued at $229,000 after purchasing an additional 330 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Michael Kors Holdings Limited by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 893,989 shares of the lifestyle brand’s stock valued at $34,070,000 after purchasing an additional 4,101 shares in the last quarter. Creative Planning boosted its holdings in shares of Michael Kors Holdings Limited by 30.8% in the 2nd quarter. Creative Planning now owns 5,005 shares of the lifestyle brand’s stock valued at $181,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Michael Kors Holdings Limited by 502.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 26,426 shares of the lifestyle brand’s stock valued at $958,000 after purchasing an additional 22,040 shares in the last quarter. 87.20% of the stock is currently owned by hedge funds and other institutional investors.

About Michael Kors Holdings Limited

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.

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.