Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Michael Kors Holdings Limited (NYSE:KORS) by 12.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 319,163 shares of the lifestyle brand’s stock after buying an additional 34,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.21% of Michael Kors Holdings Limited worth $15,272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in KORS. BlackRock Inc. increased its position in Michael Kors Holdings Limited by 9.3% during the second quarter. BlackRock Inc. now owns 15,287,608 shares of the lifestyle brand’s stock worth $554,176,000 after purchasing an additional 1,301,796 shares during the last quarter. Flossbach Von Storch AG increased its position in Michael Kors Holdings Limited by 12.9% during the second quarter. Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand’s stock worth $434,004,000 after purchasing an additional 1,366,038 shares during the last quarter. APG Asset Management N.V. increased its position in Michael Kors Holdings Limited by 0.5% during the third quarter. APG Asset Management N.V. now owns 4,454,174 shares of the lifestyle brand’s stock worth $213,132,000 after purchasing an additional 23,200 shares during the last quarter. FMR LLC increased its position in Michael Kors Holdings Limited by 33.9% during the second quarter. FMR LLC now owns 4,378,144 shares of the lifestyle brand’s stock worth $158,708,000 after purchasing an additional 1,107,385 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Michael Kors Holdings Limited by 24.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand’s stock worth $93,256,000 after purchasing an additional 506,071 shares during the last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $46.00 price objective (up previously from $35.00) on shares of Michael Kors Holdings Limited in a research report on Wednesday, August 9th. Canaccord Genuity raised their price target on shares of Michael Kors Holdings Limited from $33.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “market perform” rating and set a $45.00 price target (up from $35.00) on shares of Michael Kors Holdings Limited in a report on Thursday, August 10th. Telsey Advisory Group raised their price target on shares of Michael Kors Holdings Limited from $38.00 to $49.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG set a $46.00 price target on shares of Michael Kors Holdings Limited and gave the company a “hold” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.84.

Michael Kors Holdings Limited (KORS) traded up $0.28 during trading on Thursday, reaching $56.61. 1,468,400 shares of the company’s stock traded hands, compared to its average volume of 2,510,885. The firm has a market cap of $8,565.92, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.90 and a beta of 0.05. Michael Kors Holdings Limited has a 52-week low of $32.38 and a 52-week high of $56.72.

Michael Kors Holdings Limited (NYSE:KORS) last released its earnings results on Monday, November 6th. The lifestyle brand reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.50. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Michael Kors Holdings Limited had a net margin of 12.68% and a return on equity of 42.09%. Michael Kors Holdings Limited’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. sell-side analysts predict that Michael Kors Holdings Limited will post 3.96 EPS for the current year.

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In other news, SVP Krista A. Mcdonough sold 7,500 shares of Michael Kors Holdings Limited stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $55.93, for a total value of $419,475.00. Following the transaction, the senior vice president now owns 10,647 shares of the company’s stock, valued at approximately $595,486.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M William Benedetto sold 2,000 shares of Michael Kors Holdings Limited stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $53.60, for a total transaction of $107,200.00. Following the completion of the transaction, the director now directly owns 18,662 shares in the company, valued at approximately $1,000,283.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock worth $554,235. 6.00% of the stock is owned by corporate insiders.

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.

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

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