News stories about Michael Kors (NYSE:KORS) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Michael Kors earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the lifestyle brand an impact score of 45.640364236572 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Michael Kors watches and cash stolen following Clacton burglary (eadt.co.uk)
- Tapestry Taps Anna Bakst as Kate Spade CEO (wwd.com)
- The Review: Michael Kors Labor Strikes, $2 Billion for Lazada, and Declining Happiness (jingdaily.com)
- Former Michael Kors exec to head up Kate Spade (chainstoreage.com)
- Veteran Michael Kors Executive Anna Bakst Tapped to Lead Kate Spade (msn.com)
Shares of Michael Kors stock traded down $0.95 during mid-day trading on Friday, reaching $61.15. The company had a trading volume of 1,427,875 shares, compared to its average volume of 1,831,740. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.06 and a current ratio of 2.00. The firm has a market capitalization of $9,305.01, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.13. Michael Kors has a 1 year low of $32.38 and a 1 year high of $69.95.
A number of research analysts have issued reports on KORS shares. Wolfe Research raised Michael Kors from a “peer perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a report on Thursday, December 14th. Goldman Sachs started coverage on Michael Kors in a report on Tuesday, December 5th. They set a “buy” rating and a $70.00 price objective for the company. ValuEngine raised Michael Kors from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Needham & Company LLC started coverage on Michael Kors in a report on Monday, December 18th. They set a “buy” rating and a $69.00 price objective for the company. Finally, Oppenheimer lifted their price objective on Michael Kors from $62.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.48.
In other news, CEO John D. Idol sold 150,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 1,787,546 shares in the company, valued at approximately $112,383,017.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director M William Benedetto sold 4,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $63.94, for a total value of $255,760.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 557,090 shares of company stock valued at $34,547,282. Corporate insiders own 6.00% of the company’s stock.
Michael Kors Company Profile
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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