Michael Kors Holdings (NASDAQ:KORS) had its target price lifted by JPMorgan Chase & Co. from $80.00 to $90.00 in a research note released on Wednesday morning, StockRatingsNetwork reports. They currently have an overweight rating on the stock.
A number of other firms have also recently commented on KORS. Analysts at Wedbush raised their price target on shares of Michael Kors Holdings from $80.00 to $84.00 in a research note to investors on Wednesday, November 6th. They now have an outperform rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Michael Kors Holdings to $96.00 in a research note to investors on Wednesday, November 6th. Finally, analysts at Deutsche Bank raised their price target on shares of Michael Kors Holdings from $85.00 to $91.00 in a research note to investors on Wednesday, November 6th. They now have a buy rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $82.67.
Michael Kors Holdings (NASDAQ:KORS) traded down 0.79% on Wednesday, hitting $81.54. The stock had a trading volume of 1,559,913 shares. Michael Kors Holdings has a 52 week low of $46.66 and a 52 week high of $82.73. The stock has a 50-day moving average of $76.14 and a 200-day moving average of $68.28. The company has a market cap of $16.467 billion and a P/E ratio of 36.72.
Michael Kors Holdings (NASDAQ:KORS) last released its earnings data on Tuesday, November 5th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.04. The company had revenue of $740.30 million for the quarter, compared to the consensus estimate of $722.20 million. During the same quarter last year, the company posted $0.49 earnings per share. Michael Kors Holdings’s revenue was up 38.9% compared to the same quarter last year. Analysts expect that Michael Kors Holdings will post $2.83 EPS for the current fiscal year.
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 name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos.
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