Michael Kors Holdings Limited (KORS) Receives Price Target

Michael Kors Holdings Limited (KORS) : 15 investment research analysts covering Michael Kors Holdings Limited (KORS) have an average price target of $54.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $75 and the lowest target is $44 for the short term. Analysts expect the variance to be within $8.75 of the average price.

Michael Kors Holdings Limited (KORS) : Zacks Investment Research ranks Michael Kors Holdings Limited (KORS) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.56, which indicates as a Hold.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Michael Kors Holdings Limited (NYSE:KORS). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $50 per share to $52 per share. The rating by the firm was issued on August 11, 2016.

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 $48.88 and $48.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.62, notching a gain of 1.37% for the day. The total traded volume was 1,770,993 . The stock had closed at $48.95 on the previous day.

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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