USA Mutuals Advisors Inc. bought a new position in shares of Michael Kors Holdings Ltd (NYSE:KORS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,750 shares of the lifestyle brand’s stock, valued at approximately $100,000.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Michael Kors during the fourth quarter worth about $126,000. Harvest Fund Management Co. Ltd acquired a new stake in Michael Kors during the fourth quarter worth about $190,000. CAPROCK Group Inc. acquired a new stake in Michael Kors during the fourth quarter worth about $219,000. IFP Advisors Inc increased its stake in Michael Kors by 29.5% during the fourth 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. Finally, Oppenheimer & Co. Inc. acquired a new stake in Michael Kors during the fourth quarter worth about $221,000. Institutional investors own 86.57% of the company’s stock.
Several equities research analysts have commented on KORS shares. Citigroup started coverage on Michael Kors in a research note on Thursday, November 2nd. They set a “positive” rating and a $62.00 price target for the company. Susquehanna Bancshares started coverage on Michael Kors in a research note on Thursday, November 2nd. They set a “positive” rating and a $62.00 price target for the company. Zacks Investment Research lowered Michael Kors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Goldman Sachs Group started coverage on Michael Kors in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target for the company. Finally, ValuEngine upgraded Michael Kors from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Michael Kors has an average rating of “Hold” and an average price target of $62.32.
Shares of Michael Kors Holdings Ltd (NYSE KORS) opened at $59.80 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. Michael Kors Holdings Ltd has a 12 month low of $32.38 and a 12 month high of $69.95. The stock has a market capitalization of $9,099.59, a PE ratio of 17.74, a PEG ratio of 1.74 and a beta of 0.08.
Michael Kors (NYSE:KORS) last posted its earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.48. Michael Kors had a return on equity of 40.86% and a net margin of 11.32%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts expect that Michael Kors Holdings Ltd will post 4.48 EPS for the current year.
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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.
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