Analysts at Robert W. Baird Kept the Same their Past ‘”Hold”’ rating on Shares Michael Kors (NYSE:KORS), Set a $58.0 Target Price per Share

April 17, 2018 - By Lynda A. Deweese

Michael Kors Holdings Limited (NYSE:KORS) Logo

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.50, from 0.94 in 2017Q3. It is positive, as 36 investors sold Michael Kors Holdings Limited shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported.

Ameriprise reported 0% stake. King Luther Capital Mngmt reported 13,275 shares. Atlantic Limited Liability Corporation has invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Nomura Holding Inc owns 9,790 shares. Putnam Invests Limited Liability Corp accumulated 0.04% or 261,531 shares. Bank Of Hawaii stated it has 3,905 shares. Ing Groep Nv has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS) for 12,260 shares. Dnb Asset Management As stated it has 0.01% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Advantus has 0.02% invested in Michael Kors Holdings Limited (NYSE:KORS) for 15,531 shares. Nuveen Asset Mgmt Ltd Company has invested 0.13% in Michael Kors Holdings Limited (NYSE:KORS). Ubs Asset Management Americas holds 880,391 shares or 0.05% of its portfolio. Point72 Asia (Hong Kong) Limited, a Hong Kong-based fund reported 14 shares. Stevens Capital L P accumulated 20,281 shares. Los Angeles Capital & Equity Research Incorporated stated it has 0.1% in Michael Kors Holdings Limited (NYSE:KORS). State Of New Jersey Common Pension Fund D invested in 0.04% or 160,000 shares.

Since February 13, 2018, it had 0 insider purchases, and 5 sales for $34.55 million activity. 6,500 Michael Kors Holdings Limited (NYSE:KORS) shares with value of $406,065 were sold by Reitman Stephen F. IDOL JOHN D also sold $9.34 million worth of Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, February 13. Benedetto M William also sold $255,752 worth of Michael Kors Holdings Limited (NYSE:KORS) shares.

Michael Kors (NYSE:KORS) Rating Reaffirmed

Expert analysts at Robert W. Baird now has a $58.0 TP on Michael Kors (NYSE:KORS). Robert W. Baird and their recent TP suggests a potential downside of -13.25 % from the company’s previous close. The rating has been released in an analyst note on Thursday morning.

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.50, from 0.94 in 2017Q3. It is positive, as 36 investors sold Michael Kors Holdings Limited shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported.

Ameriprise reported 0% stake. King Luther Capital Mngmt reported 13,275 shares. Atlantic Limited Liability Corporation has invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Nomura Holding Inc owns 9,790 shares. Putnam Invests Limited Liability Corp accumulated 0.04% or 261,531 shares. Bank Of Hawaii stated it has 3,905 shares. Ing Groep Nv has 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS) for 12,260 shares. Dnb Asset Management As stated it has 0.01% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Advantus has 0.02% invested in Michael Kors Holdings Limited (NYSE:KORS) for 15,531 shares. Nuveen Asset Mgmt Ltd Company has invested 0.13% in Michael Kors Holdings Limited (NYSE:KORS). Ubs Asset Management Americas holds 880,391 shares or 0.05% of its portfolio. Point72 Asia (Hong Kong) Limited, a Hong Kong-based fund reported 14 shares. Stevens Capital L P accumulated 20,281 shares. Los Angeles Capital & Equity Research Incorporated stated it has 0.1% in Michael Kors Holdings Limited (NYSE:KORS). State Of New Jersey Common Pension Fund D invested in 0.04% or 160,000 shares.

Since February 13, 2018, it had 0 insider purchases, and 5 sales for $34.55 million activity. 6,500 Michael Kors Holdings Limited (NYSE:KORS) shares with value of $406,065 were sold by Reitman Stephen F. IDOL JOHN D also sold $9.34 million worth of Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, February 13. Benedetto M William also sold $255,752 worth of Michael Kors Holdings Limited (NYSE:KORS) shares.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 23 analysts covering Michael Kors (NYSE:KORS), 9 have Buy rating, 0 Sell and 14 Hold. Therefore 39% are positive. Michael Kors has $90.0 highest and $46.0 lowest target. $70.05’s average target is 4.77% above currents $66.86 stock price. Michael Kors had 36 analyst reports since October 20, 2017 according to SRatingsIntel. Goldman Sachs reinitiated it with “Buy” rating and $70 target in Tuesday, December 5 report. The firm earned “Market Perform” rating on Tuesday, November 7 by Telsey Advisory Group. Cowen & Co maintained it with “Hold” rating and $71.0 target in Wednesday, February 7 report. The firm has “Buy” rating given on Thursday, November 2 by Canaccord Genuity. The firm has “Equal-Weight” rating given on Thursday, January 25 by Barclays Capital. The firm has “Neutral” rating given on Tuesday, November 7 by Buckingham Research. On Thursday, December 21 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Oppenheimer on Wednesday, January 24 with “Outperform”. Jefferies maintained the shares of KORS in report on Wednesday, February 7 with “Buy” rating. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Hold” rating by Robert W. Baird on Sunday, January 21.

The stock increased 2.08% or $1.36 during the last trading session, reaching $66.86. About 1.20M shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since April 17, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on May, 30. They expect $0.58 earnings per share, down 20.55 % or $0.15 from last year’s $0.73 per share. KORS’s profit will be $88.26 million for 28.82 P/E if the $0.58 EPS becomes a reality. After $1.77 actual earnings per share reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -67.23 % negative EPS growth.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ’s apparel and accessories, and menÂ’s apparel. The company has market cap of $10.17 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 20.08 P/E ratio. The Retail segment is involved in the sale of womenÂ’s apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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