Michael Kors Holdings Ltd (KORS) Files Form 4 Insider Selling : Lee S. Sporn Sells 76,000 Shares

Michael Kors Holdings Ltd (KORS): Lee S. Sporn , SVP Bus Affairs, GC of Michael Kors Holdings Ltd sold 76,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $50.59 per share for a total value of $3,844,824.75 , the company said in a SEC Form 4 Filing.

Michael Kors Holdings Ltd: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Michael Kors Holdings Ltd which led to swings in the share price. The shares opened for trading at $50.33 and hit $50.865 on the upside , eventually ending the session at $50.74, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 46,10,416 shares. The 52-week high of the share price is $59.49 and the company has a market cap of $8,954 M . The 52-week low of the share price is at $34.83.

Michael Kors Holdings Ltd Money Flow Index Chart

Company has been under the radar of several Street Analysts.Michael Kors Holdings Ltd is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $43 .The Rating was issued on Jun 2, 2016.Michael Kors Holdings Ltd is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 51 from a previous price target of $57 . The Rating was issued on Jun 2, 2016.Michael Kors Holdings Ltd is Reiterated by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 45 from a previous price target of $48 . The Rating was issued on May 12, 2016.Michael Kors Holdings Ltd is Upgraded by Piper Jaffray to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 27, 2016.Michael Kors Holdings Ltd is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .The Rating was issued on Apr 22, 2016.

Michael Kors Holdings Limited is a global accessories footwear and apparel company. The Company operates its business in three segments: retail wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection it offers accessories including handbags and small leather goods many of which are made from leathers and other exotic skins footwear and apparel including ready-to-wear women swear and menswear. Its MICHAEL Michael Kors collection offers accessories primarily handbags and small leather goods such as clutches wallets wristlets and cosmetic cases; footwear primarily in women’s styles; and women swear including dresses tops jeans pants skirts shorts and outerwear. Through its licensing segment it enters into agreements that license to third parties use of its brand name and trademarks certain production and sales and distribution rights.

Leave a Reply

Michael Kors Holdings Ltd - Is it time to Sell?

Top Brokerage Firms are advising their investors on Michael Kors Holdings Ltd. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.