Invictus RG Buys 4,931 Shares of Michael Kors Holdings Ltd (KORS)

Invictus RG increased its stake in Michael Kors Holdings Ltd (NYSE:KORS) by 547.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,832 shares of the lifestyle brand’s stock after purchasing an additional 4,931 shares during the period. Invictus RG’s holdings in Michael Kors were worth $279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new position in shares of Michael Kors during the 3rd quarter valued at $268,000. Stifel Financial Corp grew its holdings in shares of Michael Kors by 7.4% in the 3rd quarter. Stifel Financial Corp now owns 107,448 shares of the lifestyle brand’s stock worth $5,109,000 after acquiring an additional 7,402 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Michael Kors in the 3rd quarter worth $4,091,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Michael Kors by 8.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 164,716 shares of the lifestyle brand’s stock valued at $7,882,000 after buying an additional 12,392 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Michael Kors by 29.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,210,424 shares of the lifestyle brand’s stock valued at $57,918,000 after buying an additional 277,810 shares in the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.

KORS has been the topic of a number of research analyst reports. Telsey Advisory Group lifted their price target on Michael Kors from $38.00 to $49.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Canaccord Genuity boosted their price target on Michael Kors from $33.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Nomura boosted their price target on Michael Kors from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Buckingham Research boosted their price target on Michael Kors from $34.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $46.00 price target (up previously from $35.00) on shares of Michael Kors in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.09.

Shares of Michael Kors Holdings Ltd (NYSE KORS) traded up $0.04 on Thursday, hitting $59.85. 2,430,200 shares of the stock traded hands, compared to its average volume of 2,507,911. Michael Kors Holdings Ltd has a 12 month low of $32.38 and a 12 month high of $60.30. The company has a market capitalization of $9,095.11, a PE ratio of 13.29, a PEG ratio of 2.02 and a beta of 0.12.

Michael Kors (NYSE:KORS) last announced its earnings results on Monday, November 6th. The lifestyle brand reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.50. Michael Kors had a net margin of 12.68% and a return on equity of 42.09%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. research analysts predict that Michael Kors Holdings Ltd will post 3.96 earnings per share for the current fiscal year.

In related news, SVP Krista A. Mcdonough sold 7,500 shares of Michael Kors stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $55.93, for a total value of $419,475.00. Following the transaction, the senior vice president now directly owns 10,647 shares of the company’s stock, valued at $595,486.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John D. Idol sold 500 shares of Michael Kors stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $55.12, for a total transaction of $27,560.00. Following the completion of the transaction, the chief executive officer now directly owns 1,688,046 shares in the company, valued at $93,045,095.52. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $554,235 over the last three months. 6.00% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Invictus RG Buys 4,931 Shares of Michael Kors Holdings Ltd (KORS)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3079810/invictus-rg-buys-4931-shares-of-michael-kors-holdings-ltd-kors.html.

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.

Want to see what other hedge funds are holding KORS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Michael Kors Holdings Ltd (NYSE:KORS).

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

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.