Michael Kors Holdings Limited (KORS) : The consensus on Michael Kors Holdings Limited (KORS) based on 15 analyst recommendation on the company stock is 2.53, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.22 and $48.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.13, notching a gain of 0.86% for the day. The total traded volume was 4,356,187 . The stock had closed at $48.71 on the previous day.
In a related news,The officer (SVP, Corp Str & Ch Ops Off) of Michael Kors Holdings Ltd, Robinson Cathy Marie sold 759 shares at $49.89 on June 17, 2016. The Insider selling transaction had a total value worth of $37,867. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.