Michael Kors Holdings Limited (KORS) Analysts See $0.59 EPS

May 17, 2018 - By Jason Grubb

Michael Kors Holdings Limited (NYSE:KORS) LogoInvestors sentiment increased to 1.44 in 2017 Q4. 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.
Pub Employees Retirement Association Of Colorado invested in 31,313 shares or 0.01% of the stock. Legal General Grp Incorporated Plc invested in 792,368 shares. Peddock Cap Advisors Limited Liability Corporation owns 7,975 shares for 0.25% of their portfolio. Thompson Siegel And Walmsley Limited Liability Corporation invested in 0.04% or 47,182 shares. 1832 Asset Mgmt Lp reported 158,000 shares. Sterling Mgmt Ltd Liability holds 0.04% or 63,331 shares in its portfolio. Flossbach Von Storch Ag holds 2.29% or 3.80M shares. Fmr Lc has invested 0.04% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). British Columbia Invest Corporation holds 0.06% or 146,391 shares in its portfolio. San Francisco Sentry Inv Group Inc (Ca) stated it has 0% in Michael Kors Holdings Limited (NYSE:KORS). Boston Prtn, a Massachusetts-based fund reported 62,300 shares. Mackenzie holds 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 8,036 shares. Texas Permanent School Fund invested in 41,518 shares. Cleararc Cap Inc holds 0.03% or 3,861 shares. Prudential Financial Inc reported 472,786 shares.

Since February 13, 2018, it had 0 insider buys, and 6 sales for $44.48 million activity. 246,590 shares were sold by Kors Michael David, worth $15.12M. Reitman Stephen F had sold 6,500 shares worth $406,065. Benedetto M William sold $255,752 worth of Michael Kors Holdings Limited (NYSE:KORS) on Friday, February 16.

Analysts expect Michael Kors Holdings Limited (NYSE:KORS) to report $0.59 EPS on May, 30 before the open.They anticipate $0.14 EPS change or 19.18 % from last quarter’s $0.73 EPS. KORS’s profit would be $89.78M giving it 28.28 P/E if the $0.59 EPS is correct. After having $1.77 EPS previously, Michael Kors Holdings Limited’s analysts see -66.67 % EPS growth. The stock increased 1.46% or $0.96 during the last trading session, reaching $66.75. About 940,611 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since May 17, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 19 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Michael Kors Holdings Ltd had 26 analyst reports since December 5, 2017 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $69 target in Thursday, January 25 report. BMO Capital Markets maintained Michael Kors Holdings Limited (NYSE:KORS) on Wednesday, February 7 with “Hold” rating. The company was upgraded on Monday, April 23 by Deutsche Bank. On Thursday, February 8 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Piper Jaffray maintained it with “Hold” rating and $72.0 target in Monday, February 5 report. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Sunday, January 21 by Robert W. Baird. On Tuesday, December 19 the stock rating was initiated by Needham with “Buy”. The company was maintained on Thursday, February 8 by Morgan Stanley. The rating was maintained by Jefferies on Wednesday, February 7 with “Buy”. The firm earned “Hold” rating on Wednesday, January 31 by Cowen & Co.

Michael Kors Holdings Limited design, markets, distributes, and retails branded women??s apparel and accessories, and men??s apparel. The company has market cap of $10.16 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 20.05 P/E ratio. The Retail segment is involved in the sale of women??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: Businesswire.com which released: “Michael Kors Holdings Limited Announces Reporting Date For Fourth Quarter and Fiscal 2018 Financial Results” on May 09, 2018, also Streetinsider.com with their article: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” published on May 15, 2018, Nasdaq.com published: “Michael Kors Still Crushing Coach With Teens” on April 21, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Nasdaq.com and their article: “Why Michael Kors Holdings Ltd Stock Slipped Today” published on May 03, 2018 as well as Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” with publication date: May 17, 2018.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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