Michael Kors (NYSE:KORS) Rating Reiterated
Michael Kors (NYSE:KORS) had its stock rating noted as “Equal Weight” by analysts at Barclays. Barclays currently has a $75.0 price target on the $8.64B market cap company or 24.98 % upside potential. This was revealed to investors in an analyst report on 8 February.
NYSE:KORS is right now trading 0.95% higher at $56.29 as of 4:04 PM New York time. Michael Kors’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has risen 6.00% over the same time period.
Out of 24 brokers covering Michael Kors, 9 rate it a Buy, 21 indicate a Hold while 0 suggest a Sell. The highest target is $75 and the lowest is $45 according to Thomson/First Call. The 12-month mean target is $56.5, which means upside potential of 0.37% over the current price.
Arga Investment Management Lp had the biggest stake with ownership of 901,300 shares as of Q2 2015 for 11.55% of the portfolio. Flossbach Von Storch Ag is another bull as the investment manager who is possessing 9.29 million shares of Michael Kors or 7.25% of their portfolio. Further, Wilsey Asset Management Inc have 5.39% of their portfolio invested in the company for 149,865 shares. The New York-based fund Greenlight Capital Inc revealed it had bought so far a stake worth about 2.74% of the investment manager’s stock portfolio in Michael Kors. The Illinois-based fund Forester Capital Management Ltd is also positive about the stock, possessing 3.07 million shares or 2.17% of their portfolio.
Michael Kors (NYSE:KORS) 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. The Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (the United States, Canada and Latin America), Europe and Asia, as well as e-commerce.
Michael Kors (NYSE:KORS) traded up 0.95% on 8 February, hitting $56.29. A total of 1.67M shares of the company’s stock traded hands. This is down from average of 2.66M shares. Michael Kors has a 52 week low of $32.38 and a 52 week high of $56.43. The company has a market cap of $8.64B and a P/E ratio of 15.68.
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The post Michael Kors (NYSE:KORS) Stock Rating Kept by Analysts at Barclays; The $75.0 Target Indicates 24.98 % Potential appeared first on Octafinance.