Price Target Update on Michael Kors Holdings Limited (NYSE:KORS)

Michael Kors Holdings Limited (NYSE:KORS) : 16 Wall Street analysts covering Michael Kors Holdings Limited (NYSE:KORS) believe that the average level the stock could reach for the short term is $54.38. The maximum price target given is $75 and the minimum target for short term is around $42, hence the standard deviation is calculated at $9.51.

Other Equity analysts have also commented 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.

Michael Kors Holdings Limited (NYSE:KORS): stock turned positive on Thursday. Though the stock opened at $51.37, the bulls momentum made the stock top out at $51.58 level for the day. The stock recorded a low of $50.58 and closed the trading day at $50.82, in the green by 0.04%. The total traded volume for the day was 3,150,462. The stock had closed at $50.8 in the previous days trading.

The company shares have rallied 11.97% 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 $46.65 and the 200 Day Moving Average price is recorded at $48.19. 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.

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.

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