Michael Kors (NYSE:KORS)‘s stock had its “positive” rating reissued by analysts at Susquehanna Bancshares in a research note issued on Thursday. They currently have a $62.00 target price on the lifestyle brand’s stock. Susquehanna Bancshares’ price target points to a potential downside of 2.25% from the stock’s previous close.

Other research analysts have also issued reports about the company. Buckingham Research began coverage on Michael Kors in a research note on Monday, April 30th. They set a “buy” rating and a $84.00 price objective for the company. Robert W. Baird set a $74.00 price objective on Michael Kors and gave the stock a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research upgraded Michael Kors from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, April 24th. Canaccord Genuity set a $84.00 price objective on Michael Kors and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Finally, Jefferies Group reiterated a “buy” rating and set a $90.00 price objective on shares of Michael Kors in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have assigned a buy rating to the company. Michael Kors has an average rating of “Hold” and a consensus target price of $68.89.

Shares of NYSE KORS traded down $0.02 during trading hours on Thursday, reaching $63.43. The stock had a trading volume of 2,861,973 shares, compared to its average volume of 2,457,195. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.08 and a beta of 0.08. Michael Kors has a twelve month low of $32.81 and a twelve month high of $70.00.

Michael Kors (NYSE:KORS) last issued its earnings results on Wednesday, May 30th. The lifestyle brand reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Michael Kors had a return on equity of 37.39% and a net margin of 12.54%. Michael Kors’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. research analysts anticipate that Michael Kors will post 4.72 earnings per share for the current fiscal year.

In other news, CEO John D. Idol sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $62.87, for a total transaction of $9,430,500.00. Following the sale, the chief executive officer now owns 1,787,546 shares of the company’s stock, valued at $112,383,017.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Cathy Marie Robinson sold 6,097 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $63.58, for a total value of $387,647.26. Following the sale, the senior vice president now directly owns 24,936 shares in the company, valued at approximately $1,585,430.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 456,097 shares of company stock worth $29,982,647. 6.00% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. USA Mutuals Advisors Inc. acquired a new stake in Michael Kors in the 4th quarter valued at approximately $100,000. Jacobi Capital Management LLC grew its stake in Michael Kors by 66.8% in the first quarter. Jacobi Capital Management LLC now owns 2,627 shares of the lifestyle brand’s stock valued at $163,000 after purchasing an additional 1,052 shares in the last quarter. Lido Advisors LLC bought a new position in Michael Kors in the first quarter valued at approximately $212,000. Oppenheimer & Co. Inc. bought a new position in Michael Kors in the fourth quarter valued at approximately $221,000. Finally, Bank of Hawaii bought a new position in shares of Michael Kors during the 4th quarter worth approximately $246,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Michael Kors Company Profile

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women's apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

Analyst Recommendations for Michael Kors (NYSE:KORS)

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