Short Term Rating 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 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 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. 11 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) : Average target price received by Michael Kors Holdings Limited (KORS) is $55.47 with an expected standard deviation of $9.13. The most aggressive target on the stock is $75, whereas the most downbeat target is $45. 15 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week


Michael Kors Holdings Limited (NYSE:KORS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.54 and $51.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.91, notching a gain of 1.59% for the day. The total traded volume was 2,286,893 . The stock had closed at $51.10 on the previous day.

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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