Analyst Research and Ratings: Michael Kors Holdings Limited (KORS), GoPro, Inc. (GPRO)

Michael Kors

Michael Kors Stock Rallies on Earnings Beat

Flossbach Von Storch AG increased its position in Michael Kors Holdings Limited by 12.9% in the second quarter. Ltd. raised its stake in shares of Michael Kors Holdings Limited by 0.5% in the first quarter. It worsened, as 20 investors sold Fluidigm Corporation shares while 25 reduced holdings. Mitsubishi UFJ Kokusai Asset Management Co. Arrowgrass Capital Prns (Us) L P invested 0% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Institutional investors own 84.89% of the company's stock.

The share of Michael Kors Holdings Limited (KORS) now has a value of $45.25 while the company's 52 week low is at $32.38, the shares dropped to the 52 week low on 05/31/17. Their 52-Week High and Low are as follows: -13.08% (High), 41.38%, (Low). The company has a market cap of $7.13 billion, a P/E ratio of 13.91 and a beta of 0.10. Shares are trading at $46.16 marginally over the 50 day moving average which is $35.34 and which is marginally over the 200 day moving average of $37.08. Michael Kors Holdings Ltd (NYSE:KORS) has declined 10.54% since August 9, 2016 and is downtrending. The lifestyle brand reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. Hightower Advsrs Limited Liability Company has invested 0.03% in Michael Kors Holdings Ltd (NYSE:KORS). The company's quarterly revenue was down 3.6% compared to the same quarter a year ago. During the same quarter in the previous year, the company posted $0.88 EPS. On average, analysts expect that Michael Kors Holdings Limited will post $3.64 earnings per share for the current fiscal year. This buyback authorization authorizes the lifestyle brand to buy up to 18.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued. If you are viewing this report on another domain, it was illegally copied and reposted in violation of USA & worldwide copyright & trademark legislation. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/08/09/michael-kors-holdings-limited-nysekors-pt-raised-to-43-00.html.

KORS has been the subject of a number of other research reports. Deutsche Bank maintained the stock with "Hold" rating in Friday, June 16 report. Finally, Piper Jaffray Companies restated a "hold" rating and issued a $34.00 price target on shares of Michael Kors Holdings Limited in a research report on Friday, June 9th. BB&T Capital initiated Michael Kors Holdings Ltd (NYSE:KORS) on Thursday, July 30 with "Hold" rating. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Hold" rating given on Tuesday, August 8 by Piper Jaffray.

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For the three months ended July 1, Kors earned $125.5 million, or 80 cents per share, which was 18 cents better than industry analysts had projected, according to a poll by Zacks Investment Research. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have issued a buy rating to the company's stock. Michael Kors Holdings Limited now has a consensus rating of "Hold" and a consensus price target of $41.42.

Shares of Michael Kors Holdings Limited (NYSE:KORS) inclined 21.53% in morning trade Tuesday, soon after a designer, marketer, distributor and retailer of branded women's apparel and accessories tops Street 1Q forecasts.

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