Are Analysts Bearish Michael Kors Holdings Limited (NYSE:KORS) After Last Week?

February 19, 2018 - By sdfsdfsdf

 Are Analysts Bearish Michael Kors Holdings Limited (NYSE:KORS) After Last Week?
Investors sentiment increased to 0.94 in Q3 2017. Its up 0.24, from 0.7 in 2017Q2. It improved, as 35 investors sold Michael Kors Holdings Limited shares while 122 reduced holdings. 55 funds opened positions while 92 raised stakes. 126.63 million shares or 2.37% more from 123.70 million shares in 2017Q2 were reported.
Kentucky Retirement holds 9,569 shares. Fulton Retail Bank Na reported 9,234 shares stake. Grimes And Inc stated it has 0.58% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Guggenheim Capital Limited holds 0.13% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 1.17 million shares. Hikari Pwr Ltd invested in 0.03% or 5,260 shares. Moreover, Next Financial Group Inc Incorporated Inc has 0% invested in Michael Kors Holdings Limited (NYSE:KORS). Envestnet Asset Management Inc reported 8,531 shares stake. Legal And General Group Public Ltd has invested 0.03% in Michael Kors Holdings Limited (NYSE:KORS). 60,721 are held by Cognios Limited. Highbridge Mngmt Limited Liability Com reported 0.01% in Michael Kors Holdings Limited (NYSE:KORS). Ubs Oconnor holds 0.08% in Michael Kors Holdings Limited (NYSE:KORS) or 73,869 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt has 12,330 shares. 35 were accumulated by San Francisco Sentry Inv Group (Ca). Hays Advisory Ltd Limited Liability Company has 84,269 shares for 1.17% of their portfolio. Central Financial Bank And Tru has invested 0% in Michael Kors Holdings Limited (NYSE:KORS).

Since February 13, 2018, it had 0 buys, and 2 selling transactions for $9.75 million activity. $9.34 million worth of Michael Kors Holdings Limited (NYSE:KORS) was sold by IDOL JOHN D on Tuesday, February 13.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 10 have Buy rating, 2 Sell and 23 Hold. Therefore 29% are positive. Michael Kors Holdings Ltd had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Susquehanna on Thursday, February 8 with “Buy”. The firm earned “Buy” rating on Thursday, February 8 by Needham. Barclays Capital maintained the shares of KORS in report on Thursday, February 8 with “Equal-Weight” rating. As per Wednesday, August 9, the company rating was maintained by Nomura. The firm has “Hold” rating given on Wednesday, February 7 by Cowen & Co. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Buy” rating given on Monday, February 5 by Canaccord Genuity. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 7. The firm has “Underweight” rating given on Friday, August 7 by Piper Jaffray. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Tuesday, September 26 by Wells Fargo. The rating was maintained by Jefferies on Friday, October 27 with “Buy”. Below is a list of Michael Kors Holdings Limited (NYSE:KORS) latest ratings and price target changes.

09/02/2018 Broker: J.P. Morgan Rating: Hold New Target: $62.0
08/02/2018 Broker: Susquehanna Rating: Buy New Target: $86.0 Maintain
07/02/2018 Broker: Cowen & Co Rating: Hold New Target: $71.0 Maintain
08/02/2018 Broker: Needham Rating: Buy New Target: $75.0 Maintain
07/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $71.0 Maintain
07/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $65.0 Maintain
07/02/2018 Broker: Jefferies Rating: Buy New Target: $90.0 Maintain
08/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $58 New Target: $69 Maintain
08/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $51 New Target: $57 Maintain
08/02/2018 Broker: Nomura Old Rating: Buy New Rating: Buy Old Target: $69 New Target: $80 Maintain

The stock decreased 1.28% or $0.83 during the last trading session, reaching $63.9. About 3.04M shares traded or 29.58% up from the average. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since February 19, 2017 and is downtrending. It has underperformed by 27.24% the S&P500.

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 $9.72 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 19.19 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.

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Reuters.com which released: “BRIEF-Michael Kors Holdings Files For NT10-Q” on February 08, 2018, also Businesswire.com with their article: “Michael Kors Holdings Limited Announces Reporting Date For Third Quarter …” published on January 24, 2018, Thestreet.com published: “Do Robust Earnings for Tapestry and Michael Kors Signal a Retail Turnaround?” on February 07, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Seekingalpha.com and their article: “Michael Kors Holdings (KORS) Q3 2018 Results – Earnings Call Transcript” published on February 07, 2018 as well as Nasdaq.com‘s news article titled: “Relative Strength Alert For Michael Kors Holdings” with publication date: February 09, 2018.

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