Most Recent Analysts Ratings Michael Kors Holdings Limited (KORS)

Lloyd Doyle
December 7, 2017

The Company operates through three segments: retail, wholesale and licensing.

TRADEMARK VIOLATION NOTICE: "Michael Kors Holdings Ltd (KORS) Stake Lowered by Trexquant Investment LP" was published by TrueBlueTribune and is owned by of TrueBlueTribune. Creative Planning now owns 5,005 shares of the lifestyle brand's stock worth $181,000 after acquiring an additional 1,180 shares in the last quarter. Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand's stock valued at $434,004,000 after buying an additional 1,366,038 shares during the last quarter. Rio Tinto plc (NYSE:RIO) has risen 43.73% since December 6, 2016 and is uptrending.

The stock increased 6.03% or $0.57 during the last trading session, reaching $10.02. About 1.57 million shares traded. Carter's, Inc. (NYSE:CRI) has declined 16.63% since December 6, 2016 and is downtrending. It has underperformed by 27.24% the S&P500.

Analysts at Goldman Sachs Group initiated coverage on shares of Michael Kors (NYSE:KORS) in a note issued to investors on Tuesday. During the same period last year, the business posted $0.95 earnings per share. analysts expect that Michael Kors will post 3.96 EPS for the current fiscal year. KORS's profit will be $191.60M for 11.87 P/E if the $1.26 EPS becomes a reality. The lifestyle brand reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03.

Arga Investment Management Lp holds 7.04% of its portfolio in Michael Kors Holdings Limited for 1.41 million shares. Hollow Brook Wealth Management Llc owns 527,801 shares or 3.06% of their USA portfolio. Moreover, Victory Capital Management Incorporated has 0% invested in Williams-Sonoma, Inc. The Oregon-based Pacific Ridge Capital Partners Llc has invested 0.79% in the stock. The Minneapolis Portfolio Management Group Llc holds 367,405 shares with $17.82M value, up from 66,235 last quarter. About 56,095 shares traded. Michael Kors Holdings also was the recipient of some unusual options trading on Tuesday. Piper Jaffray Companies set a $46.00 price objective on shares of Michael Kors and gave the company a "hold" rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The lowest target is $38.0 while the high is $45.0. Nomura upped their price target on shares of Michael Kors from $41.00 to $51.00 and gave the stock a "buy" rating in a report on Wednesday, August 9th. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 80.86 for Michael Kors Holdings Limited (NYSE:KORS). On Monday, November 14 the stock rating was downgraded by Morgan Stanley to "Equal-Weight". The firm earned "Outperform" rating on Thursday, September 8 by RBC Capital Markets. The firm has "Neutral" rating by Piper Jaffray given on Tuesday, January 3. Bank of America reinitiated the stock with "Neutral" rating in Thursday, October 22 report.

Among 14 analysts covering Carter's (NYSE:CRI), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive.

KORS has been the topic of a number of analyst reports. The rating was initiated by Wells Fargo on Thursday, October 22 with "Outperform". Citigroup upgraded Rio Tinto plc (NYSE:RIO) on Monday, December 5 to "Neutral" rating. The firm earned "Buy" rating on Monday, August 24 by Standpoint Research. Cowen & Co maintained the stock with "Hold" rating in Wednesday, June 7 report. Roth Capital maintained Canadian Solar Inc. (NYSE:CRI) rating on Friday, September 15. The firm has "Market Perform" rating by Wells Fargo given on Tuesday, September 27. The stock has "Buy" rating by Jefferies on Thursday, August 31. The rating was maintained by Canaccord Genuity with "Hold" on Thursday, November 5. Piper Jaffray upgraded the stock to "Overweight" rating in Wednesday, April 27 report.

Investors sentiment decreased to 0.7 in Q2 2017. Its down 0.24, from 1.52 in 2017Q1. It turned negative, as 52 investors sold KORS shares while 131 reduced holdings. 53 funds opened positions while 108 raised stakes. Dimensional Fund Advsrs L P holds 932,614 shares or 0.02% of its portfolio. (NYSE:CRI). Atlantic Tru Gru holds 0.08% or 142,331 shares in its portfolio.

Legal & General Group Plc decreased Calpine Corp (NYSE:CPN) stake by 54,876 shares to 1.58 million valued at $21.43M in 2017Q2. Aristotle Cap Boston Limited Liability Corporation holds 1.53% or 154,044 shares. Duncker Streett holds 0% or 50 shares. Adage Cap Ptnrs Grp Inc Lc reported 0.02% stake. It also reduced Hess Corp (NYSE:HES) stake by 22,885 shares and now owns 1.54M shares. Old Mutual Customised Solutions (Proprietary) accumulated 0.04% or 7,200 shares. Arizona State Retirement stated it has 0.02% in Michael Kors Holdings Limited (NYSE:KORS). (NYSE:WSM) for 5,940 shares. The Ontario - Canada-based Manufacturers Life Insur Communication The has invested 0.01% in Carter's, Inc. Northern Trust has invested 0.02% in Michael Kors Holdings Limited (NYSE:KORS). Martingale Asset Management Ltd Partnership reported 93,882 shares.

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