Brandywine Global Investment Management LLC lifted its stake in Michael Kors Holdings Ltd (NYSE:KORS) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,142 shares of the lifestyle brand’s stock after buying an additional 4,186 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Michael Kors were worth $11,152,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KORS. American Century Companies Inc. lifted its position in Michael Kors by 2,006.2% during the 4th quarter. American Century Companies Inc. now owns 1,342,506 shares of the lifestyle brand’s stock valued at $84,511,000 after acquiring an additional 1,278,764 shares during the period. Bank of Montreal Can lifted its position in Michael Kors by 568.5% during the 4th quarter. Bank of Montreal Can now owns 1,115,901 shares of the lifestyle brand’s stock valued at $70,246,000 after acquiring an additional 948,966 shares during the period. Acadian Asset Management LLC lifted its position in Michael Kors by 493.5% during the 4th quarter. Acadian Asset Management LLC now owns 939,826 shares of the lifestyle brand’s stock valued at $59,163,000 after acquiring an additional 781,460 shares during the period. Ardevora Asset Management LLP purchased a new position in Michael Kors during the 3rd quarter valued at about $37,089,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Michael Kors by 205.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,017,371 shares of the lifestyle brand’s stock valued at $64,044,000 after acquiring an additional 684,310 shares during the period. 85.48% of the stock is owned by hedge funds and other institutional investors.

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Shares of Michael Kors Holdings Ltd (KORS) opened at $62.28 on Wednesday. Michael Kors Holdings Ltd has a 12 month low of $32.38 and a 12 month high of $69.95. The company has a market cap of $9,480.00, a P/E ratio of 18.05, a PEG ratio of 1.96 and a beta of 0.13. The company has a quick ratio of 1.06, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

Michael Kors (NYSE:KORS) last announced its quarterly earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.48. Michael Kors had a net margin of 11.32% and a return on equity of 40.86%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. research analysts anticipate that Michael Kors Holdings Ltd will post 4.48 EPS for the current fiscal year.

KORS has been the subject of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Michael Kors in a research report on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target for the company. Needham & Company LLC initiated coverage on shares of Michael Kors in a research report on Monday, December 18th. They set a “buy” rating and a $69.00 price target for the company. ValuEngine raised shares of Michael Kors from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “buy” rating and set a $90.00 price target on shares of Michael Kors in a research report on Wednesday, February 7th. Finally, Nomura lifted their target price on shares of Michael Kors from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the company’s stock. Michael Kors has an average rating of “Hold” and a consensus price target of $63.46.

In related news, CEO John D. Idol sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $62.26, for a total transaction of $9,339,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Kors sold 246,590 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $61.30, for a total transaction of $15,115,967.00. The disclosure for this sale can be found here. Insiders sold 407,090 shares of company stock valued at $25,116,782 over the last quarter. Company insiders own 6.00% of the company’s stock.

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About Michael Kors

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.

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

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