Analyst Rating Update on Michael Kors Holdings Limited (KORS)

Michael Kors Holdings Limited (KORS) : 3 brokerage houses believe that Michael Kors Holdings Limited (KORS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Michael Kors Holdings Limited (KORS). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.53.

Michael Kors Holdings Limited (KORS) : The highest level Michael Kors Holdings Limited (KORS) is projected to reach is $75 for the short term and the lowest estimate is at $45. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $55.29 and the possibility the share price can swing is $9.45.

Company shares have received an average consensus rating of Hold for the current week


Michael Kors Holdings Limited (NYSE:KORS): The stock opened at $47.64 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.29 for the day. The stock traded down to $46.50 during the day, due to lack of any buying support eventually closed down at $49.02 with a loss of -2.58% for the day. The stock had closed at $50.32 on the previous day. The total traded volume was 5,564,918 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.

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