Can analysts adopt a bullish outlook for Michael Kors Holdings Limited (NYSE:KORS)?

October 11, 2018 - By Palma Niemeyer

Michael Kors Holdings Limited (NYSE:KORS) LogoInvestors sentiment decreased to 0.99 in 2018 Q2. Its down 0.11, from 1.1 in 2018Q1. It dived, as 38 investors sold Michael Kors Holdings Limited shares while 139 reduced holdings. 57 funds opened positions while 119 raised stakes. 123.42 million shares or 6.00% more from 116.43 million shares in 2018Q1 were reported.
Tiaa Cref Inv Limited Liability Company accumulated 0.06% or 1.27M shares. Glenmede Trust Communication Na accumulated 110,452 shares. Citigroup reported 0.02% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Utah Retirement reported 26,399 shares stake. Asset Mngmt One Limited has 239,894 shares for 0.03% of their portfolio. Liberty Mutual Grp Inc Asset owns 5,991 shares. Bnp Paribas Asset Mgmt Hldg invested in 0.13% or 237,145 shares. Wellington Group Limited Liability Partnership has 294,714 shares. Conning Incorporated reported 3,061 shares. Great Lakes Advisors Ltd Liability Company reported 0.12% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Hanson Mcclain owns 8 shares for 0% of their portfolio. Spark Investment Mgmt Limited Liability Corp owns 59,500 shares. Moneta Gru Inc Advsrs Ltd Com reported 90 shares. Caisse De Depot Et Placement Du Quebec holds 34,565 shares. 2.60M were reported by Geode Mngmt Llc.

Since April 18, 2018, it had 0 insider buys, and 10 selling transactions for $89.81 million activity. Kors Michael David also sold $13.25 million worth of Michael Kors Holdings Limited (NYSE:KORS) shares. Shares for $10.23M were sold by IDOL JOHN D on Thursday, May 24. 12,100 Michael Kors Holdings Limited (NYSE:KORS) shares with value of $794,557 were sold by McDonough Krista A.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 16 analysts covering Michael Kors Holdings (NYSE:KORS), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Michael Kors Holdings had 24 analyst reports since April 23, 2018 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $90 target in Thursday, August 9 report. As per Friday, August 10, the company rating was maintained by UBS. Deutsche Bank maintained the shares of KORS in report on Thursday, May 31 with “Buy” rating. The rating was maintained by Buckingham Research on Thursday, August 16 with “Buy”. The rating was maintained by Oppenheimer on Sunday, June 10 with “Buy”. As per Thursday, May 31, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating by Citigroup given on Thursday, May 31. The rating was maintained by Citigroup on Thursday, August 9 with “Neutral”. The stock has “Buy” rating by Deutsche Bank on Monday, April 23. Buckingham Research reinitiated the shares of KORS in report on Monday, April 30 with “Buy” rating. Below is a list of Michael Kors Holdings Limited (NYSE:KORS) latest ratings and price target changes.

16/08/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $84 New Target: $85 Maintain
10/08/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $70 New Target: $76 Maintain
09/08/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $73 New Target: $76 Maintain
09/08/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $72 New Target: $75 Maintain
09/08/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $72 New Target: $75 Maintain
09/08/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $79 Maintain
09/08/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $80 New Target: $85 Maintain
09/08/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $84 New Target: $90 Maintain
09/07/2018 Broker: HSBC Rating: Buy New Target: $88 Initiates Coverage On
25/06/2018 Broker: Goldman Sachs Rating: Neutral New Target: $72 Initiates Coverage On

The stock increased 0.31% or $0.19 during the last trading session, reaching $62.46. About 1.32 million shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 71.60% since October 11, 2017 and is uptrending. It has outperformed by 55.98% the S&P500.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ’s apparel and accessories, and menÂ’s apparel. The company has market cap of $9.32 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 14.73 P/E ratio. The Retail segment is involved in the sale of womenÂ’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.

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Seekingalpha.com which released: “Luxury sector reeling after LVMH results” on October 10, 2018, also 247Wallst.com with their article: “What Michael Kors Gets by Acquiring Versace” published on September 25, 2018, Fool.com published: “Michael Kors’ Versace Takeover Faces These 4 Challenges” on September 27, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Benzinga.com and their article: “Citi: Michael Kors A Buy After Versace Acquisition” published on October 04, 2018 as well as Streetinsider.com‘s news article titled: “Tech stocks lead Wall Street slump as investors shun risk” with publication date: October 10, 2018.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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