Media coverage about Michael Kors Holdings Limited (NYSE:KORS) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michael Kors Holdings Limited earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the lifestyle brand an impact score of 46.4505393940489 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Michael Kors Holdings Limited (NYSE:KORS) opened at 49.02 on Friday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 15.04 and a beta of 0.03. Michael Kors Holdings Limited has a 52 week low of $32.38 and a 52 week high of $52.67. The firm’s 50 day moving average is $46.69 and its 200-day moving average is $39.79.
Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. Michael Kors Holdings Limited had a net margin of 11.91% and a return on equity of 40.26%. The business had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. During the same period last year, the firm earned $0.88 earnings per share. Michael Kors Holdings Limited’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that Michael Kors Holdings Limited will post $3.70 EPS for the current year.
A number of equities analysts have issued reports on the company. CIBC upgraded Michael Kors Holdings Limited from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $44.00 to $55.00 in a research report on Tuesday, September 19th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price on shares of Michael Kors Holdings Limited in a research report on Thursday, September 14th. ValuEngine downgraded Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Credit Suisse Group set a $36.00 target price on Michael Kors Holdings Limited and gave the stock a “hold” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.35.
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Michael Kors Holdings Limited Company Profile
Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.
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