Sciencast Management LP bought a new position in Michael Kors Holdings Ltd (NYSE:KORS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 17,135 shares of the lifestyle brand’s stock, valued at approximately $1,130,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of Michael Kors in the 4th quarter worth $100,000. Cerebellum GP LLC acquired a new stake in shares of Michael Kors in the 4th quarter worth $126,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Michael Kors in the 4th quarter worth $190,000. CAPROCK Group Inc. acquired a new stake in shares of Michael Kors in the 4th quarter worth $219,000. Finally, IFP Advisors Inc increased its stake in shares of Michael Kors by 29.5% in the 4th quarter. IFP Advisors Inc now owns 3,432 shares of the lifestyle brand’s stock worth $216,000 after acquiring an additional 781 shares during the last quarter. 85.48% of the stock is owned by institutional investors and hedge funds.

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Michael Kors Holdings Ltd (NYSE KORS) opened at $62.28 on Wednesday. The firm has a market capitalization of $9,344.60, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.96 and a beta of 0.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.06. Michael Kors Holdings Ltd has a 52-week low of $32.38 and a 52-week high of $69.95.

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

A number of analysts recently issued reports on the company. Credit Suisse Group assumed coverage on Michael Kors in a research report on Monday. They set an “outperform” rating and a $75.00 price objective for the company. Royal Bank of Canada set a $71.00 price objective on Michael Kors and gave the stock a “hold” rating in a research report on Thursday, February 8th. Cowen set a $71.00 price objective on Michael Kors and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Nomura raised their price objective on Michael Kors from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their price objective on Michael Kors from $58.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Michael Kors presently has an average rating of “Hold” and a consensus target price of $63.46.

In other news, CEO John D. Idol sold 150,000 shares of Michael Kors stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $62.26, for a total value of $9,339,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director M William Benedetto sold 4,000 shares of Michael Kors stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $63.94, for a total value of $255,760.00. The disclosure for this sale can be found here. Insiders sold a total of 407,090 shares of company stock valued at $25,116,782 in the last quarter. Company 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.

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

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