Michael Kors Holdings Ltd (NYSE:KORS) CEO John D. Idol sold 6,676 shares of Michael Kors stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $65.26, for a total value of $435,675.76. The sale was disclosed in a filing with the SEC, which is available at this link.

John D. Idol also recently made the following trade(s):

  • On Monday, September 17th, John D. Idol sold 150,000 shares of Michael Kors stock. The stock was sold at an average price of $72.99, for a total value of $10,948,500.00.
  • On Tuesday, August 14th, John D. Idol sold 150,000 shares of Michael Kors stock. The stock was sold at an average price of $73.24, for a total value of $10,986,000.00.
  • On Friday, July 20th, John D. Idol sold 150,000 shares of Michael Kors stock. The stock was sold at an average price of $67.99, for a total value of $10,198,500.00.

Shares of NYSE KORS opened at $63.61 on Friday. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.16 and a beta of 0.12. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. Michael Kors Holdings Ltd has a fifty-two week low of $47.21 and a fifty-two week high of $75.96.

Michael Kors (NYSE:KORS) last announced its quarterly earnings data on Wednesday, August 8th. The lifestyle brand reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.37. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Michael Kors had a return on equity of 39.01% and a net margin of 13.14%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. As a group, equities research analysts forecast that Michael Kors Holdings Ltd will post 5.02 EPS for the current fiscal year.

Several analysts recently weighed in on KORS shares. Zacks Investment Research cut Michael Kors from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup raised Michael Kors from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Wednesday, October 3rd. ValuEngine cut Michael Kors from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Canaccord Genuity set a $90.00 price target on Michael Kors and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Needham & Company LLC dropped their price target on Michael Kors from $79.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, September 26th. Eighteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $75.93.

A number of hedge funds and other institutional investors have recently made changes to their positions in KORS. Franklin Resources Inc. raised its holdings in Michael Kors by 21.0% in the 1st quarter. Franklin Resources Inc. now owns 36,550 shares of the lifestyle brand’s stock valued at $2,269,000 after acquiring an additional 6,331 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Michael Kors by 25.3% in the 1st quarter. Principal Financial Group Inc. now owns 611,403 shares of the lifestyle brand’s stock valued at $37,956,000 after acquiring an additional 123,429 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Michael Kors by 11.9% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 21,468 shares of the lifestyle brand’s stock valued at $1,333,000 after acquiring an additional 2,277 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Michael Kors by 27.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,947 shares of the lifestyle brand’s stock valued at $555,000 after acquiring an additional 1,933 shares in the last quarter. Finally, Rampart Investment Management Company LLC raised its holdings in Michael Kors by 118.9% in the 1st quarter. Rampart Investment Management Company LLC now owns 4,458 shares of the lifestyle brand’s stock valued at $277,000 after acquiring an additional 2,421 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

About Michael Kors

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

Recommended Story: How Investors Use a Balance Sheet

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

Receive News & Ratings for Michael Kors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors and related companies with MarketBeat.com's FREE daily email newsletter.