Michael Kors (NYSE:KORS) had its price objective raised by analysts at Wolfe Research from $73.00 to $81.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the lifestyle brand’s stock. Wolfe Research’s price target suggests a potential upside of 35.45% from the company’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird reiterated a “hold” rating on shares of Michael Kors in a research report on Monday, February 5th. Cowen set a $71.00 price target on shares of Michael Kors and gave the company a “hold” rating in a research report on Wednesday. Barclays set a $75.00 price target on shares of Michael Kors and gave the company an “equal weight” rating in a research report on Thursday. Bank of America increased their price target on shares of Michael Kors from $58.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $72.00 price target on shares of Michael Kors in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $62.32.

Shares of Michael Kors (KORS) opened at $59.80 on Thursday. The company has a market cap of $8,670.00, a P/E ratio of 17.74, a PEG ratio of 1.93 and a beta of 0.08. Michael Kors has a 1 year low of $32.38 and a 1 year high of $69.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.34.

Michael Kors (NYSE:KORS) last released its quarterly earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 EPS for the quarter, beating the consensus estimate of $1.29 by $0.48. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. Michael Kors had a net margin of 11.32% and a return on equity of 40.86%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. sell-side analysts predict that Michael Kors will post 4.46 EPS for the current fiscal year.

In other Michael Kors news, SVP Pascale Meyran sold 6,835 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were 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 $604,960.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Krista A. Mcdonough sold 7,500 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $55.93, for a total transaction 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. 6.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of KORS. USA Mutuals Advisors Inc. purchased a new position in Michael Kors during the fourth quarter worth approximately $100,000. Cerebellum GP LLC purchased a new position in Michael Kors during the fourth quarter worth approximately $126,000. Harvest Fund Management Co. Ltd purchased a new position in Michael Kors during the fourth quarter worth approximately $190,000. IFP Advisors Inc raised its stake in Michael Kors by 29.5% during the fourth quarter. IFP Advisors Inc now owns 3,432 shares of the lifestyle brand’s stock worth $216,000 after purchasing an additional 781 shares during the period. Finally, CAPROCK Group Inc. purchased a new position in Michael Kors during the fourth quarter worth approximately $219,000. 86.57% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Michael Kors (NYSE:KORS)

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