News stories about Michael Kors (NYSE:KORS) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Michael Kors earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the lifestyle brand an impact score of 45.1173726154722 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

Michael Kors (NYSE:KORS) traded down $0.04 during trading hours on Friday, reaching $63.55. The company’s stock had a trading volume of 1,015,700 shares, compared to its average volume of 2,482,111. Michael Kors has a 1-year low of $32.38 and a 1-year high of $64.30. The company has a market cap of $9,660.00, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.14 and a beta of 0.13.

Michael Kors (NYSE:KORS) last released its quarterly earnings data 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. Michael Kors had a return on equity of 42.09% and a net margin of 12.68%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. equities analysts forecast that Michael Kors will post 3.96 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on KORS. MKM Partners raised Michael Kors from a “sell” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research report on Tuesday, November 7th. ValuEngine raised Michael Kors from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Cowen reaffirmed a “hold” rating on shares of Michael Kors in a research report on Friday, November 10th. Zacks Investment Research raised Michael Kors from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a report on Wednesday, November 8th. Finally, Susquehanna Bancshares assumed coverage on Michael Kors in a report on Thursday, November 2nd. They issued a “positive” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Michael Kors presently has an average rating of “Hold” and a consensus price target of $52.81.

In other news, SVP Pascale Meyran sold 6,835 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.01, for a total transaction of $410,168.35. Following the transaction, the senior vice president now owns 10,081 shares of the company’s stock, valued at approximately $604,960.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Krista A. Mcdonough sold 7,500 shares of the business’s 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 directly owns 10,647 shares in the company, valued at approximately $595,486.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,835 shares of company stock worth $964,403. Corporate insiders own 6.00% of the company’s stock.

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Michael Kors 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.

Insider Buying and Selling by Quarter for Michael Kors (NYSE:KORS)

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