Michael Kors Holdings Limited (NYSE:KORS) has climbed 0.26% in the past week and advanced 20.27% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.46% and the outperformance has advanced to 19.17% for the last 4 weeks period.
Michael Kors Holdings Limited (NYSE:KORS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.10 and $48.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.97, notching a gain of 1.79% for the day. The total traded volume was 2,793,130 . The stock had closed at $49.09 on the previous day.
The company shares have rallied 5.56% from its 1 Year high price. On Mar 14, 2016, the shares registered one year high at $59.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.81 and the 200 Day Moving Average price is recorded at $47.98.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Robinson Cathy Marie, officer (SVP, Corp Str & Ch Ops Off) of Michael Kors Holdings Ltd, had unloaded 759 shares at an average price of $49.89 in a transaction dated on June 17, 2016. The total value of the transaction was worth $37,867.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Piper Jaffray, upgrades their rating on the shares of Michael Kors Holdings Limited (NYSE:KORS). Piper Jaffray has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 5% of Michael Kors Holdings Limited shares according to the proxy statements. Institutional Investors own 83.22% of Michael Kors Holdings Limited shares.
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 womens 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.