Brokerage Firm Rating Update on Michael Kors Holdings Limited (KORS)

Michael Kors Holdings Limited (KORS) : The consensus on Michael Kors Holdings Limited (KORS) based on 16 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Michael Kors Holdings Limited (KORS) : The highest short term price target forecast on Michael Kors Holdings Limited (KORS) is $75 and the lowest target price is $44. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $54.67 with a standard deviation of $8.75.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Michael Kors Holdings Limited (NYSE:KORS). Goldman Sachs has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $52 per share from a prior target of $50. The rating by the firm was issued on August 11, 2016.

Michael Kors Holdings Limited (NYSE:KORS): The stock opened at $48.87 and touched an intraday high of $50 on Wednesday. During the day, the stock corrected to an intraday low of $48.68, however, the bulls stepped in and pushed the price higher to close in the green at $49.92 with a gain of 2.42% for the day. The total traded volume for the day was 2,834,131. The stock had closed at $48.74 in the previous trading session.

Michael Kors Holdings Limited is a global accessories, footwear and apparel company. The Company operates its business in three segments: retail, wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection, it offers accessories, including handbags and small leather goods, many of which are made from leathers and other exotic skins, footwear and apparel, including ready-to-wear women swear and menswear. Its MICHAEL Michael Kors collection offers accessories, primarily handbags and small leather goods, such as clutches, wallets, wristlets and cosmetic cases; footwear, primarily in womens styles; and women swear, including dresses, tops, jeans, pants, skirts, shorts and outerwear. Through its licensing segment, it enters into agreements that license to third parties use of its brand name and trademarks, certain production, and sales and distribution rights.

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