The stock of Michael Kors Holdings Limited (NYSE:KORS) hit a new 52-week high and has $60.49 target or 3.00% above today’s $58.73 share price. The 7 months bullish chart indicates low risk for the $8.93B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $60.49 price target is reached, the company will be worth $267.93M more. The stock increased 0.14% or $0.08 during the last trading session, reaching $58.73. About 279,393 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since November 30, 2016 and is downtrending. It has underperformed by 27.24% the S&P500.
It closed at $7.5 lastly. It is up 1.14% since November 30, 2016 and is downtrending. It has underperformed by 17.84% the S&P500.
Rgm Capital Llc holds 2.46% of its portfolio in ShoreTel, Inc. for 4.18 million shares. Nokomis Capital L.L.C. owns 1.22 million shares or 2.08% of their US portfolio. Moreover, Clearline Capital Lp has 1.79% invested in the company for 490,365 shares. The California-based Park West Asset Management Llc has invested 1.24% in the stock. Harber Asset Management Llc, a New York-based fund reported 475,539 shares.
Among 33 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 8 have Buy rating, 2 Sell and 23 Hold. Therefore 24% are positive. Michael Kors Holdings Ltd had 98 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, July 24 by Buckingham Research. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Peer Perform” rating given on Tuesday, August 18 by Wolfe Research. The firm has “Hold” rating by Deutsche Bank given on Monday, May 15. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, November 7. The firm earned “Neutral” rating on Thursday, August 11 by Goldman Sachs. BB&T Capital initiated the shares of KORS in report on Thursday, July 30 with “Hold” rating. The rating was upgraded by BB&T Capital to “Buy” on Friday, August 7. RBC Capital Markets maintained it with “Hold” rating and $3600 target in Wednesday, July 5 report. Piper Jaffray maintained Michael Kors Holdings Limited (NYSE:KORS) on Monday, August 3 with “Neutral” rating. Guggenheim initiated Michael Kors Holdings Limited (NYSE:KORS) on Friday, September 30 with “Neutral” rating.
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 $8.93 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 18.02 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.
Investors sentiment decreased to 0.7 in 2017 Q2. Its down 0.14, from 0.84 in 2017Q1. It fall, as 52 investors sold Michael Kors Holdings Limited shares while 131 reduced holdings. 37 funds opened positions while 92 raised stakes. 123.70 million shares or 2.48% less from 126.85 million shares in 2017Q1 were reported. Fiduciary invested in 0% or 4,108 shares. Panagora Asset Mgmt Incorporated holds 147,606 shares. 2.57 million are owned by Thompson Siegel Walmsley Ltd Co. Bokf Na owns 0.03% invested in Michael Kors Holdings Limited (NYSE:KORS) for 29,202 shares. California State Teachers Retirement System invested in 294,207 shares or 0.02% of the stock. Blackrock Incorporated has invested 0.03% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Cibc Asset Mgmt Inc has 0% invested in Michael Kors Holdings Limited (NYSE:KORS). Price T Rowe Assoc Incorporated Md reported 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Moreover, Integral Derivatives Ltd Liability Com has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS). Robeco Institutional Asset Management Bv accumulated 0.12% or 517,561 shares. Moreover, Cypress Management Limited Liability Corporation (Wy) has 0% invested in Michael Kors Holdings Limited (NYSE:KORS) for 45 shares. 133,310 are held by Glenmede Tru Communication Na. Moreover, State Street has 0.03% invested in Michael Kors Holdings Limited (NYSE:KORS). Schroder Investment Gru holds 0.16% or 2.41M shares. Teachers Retirement Of The State Of Kentucky, a Kentucky-based fund reported 17,541 shares.
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