Michael Kors Holdings Ltd (KORS) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in shares of Michael Kors Holdings Ltd (NYSE:KORS) by 107.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 425,021 shares of the lifestyle brand’s stock after buying an additional 219,798 shares during the period. KBC Group NV owned 0.26% of Michael Kors Holdings worth $16,197,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Michael Kors Holdings by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,620 shares of the lifestyle brand’s stock valued at $263,000 after buying an additional 20 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Michael Kors Holdings by 0.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 21,290 shares of the lifestyle brand’s stock valued at $996,000 after buying an additional 100 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Michael Kors Holdings by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,194 shares of the lifestyle brand’s stock valued at $998,000 after buying an additional 125 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Michael Kors Holdings by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,670 shares of the lifestyle brand’s stock valued at $244,000 after buying an additional 190 shares during the period. Finally, Horizon Investment Services LLC boosted its position in shares of Michael Kors Holdings by 3.0% in the third quarter. Horizon Investment Services LLC now owns 7,555 shares of the lifestyle brand’s stock valued at $353,000 after buying an additional 223 shares during the period. Institutional investors own 88.54% of the company’s stock.

Institutional Ownership by Quarter for Michael Kors Holdings (NYSE:KORS)

Michael Kors Holdings Ltd (NYSE:KORS) traded up 2.71% during mid-day trading on Friday, reaching $36.41. The company had a trading volume of 1,922,612 shares. Michael Kors Holdings Ltd has a 12 month low of $34.92 and a 12 month high of $53.29. The firm’s 50-day moving average price is $37.27 and its 200-day moving average price is $41.25. The stock has a market cap of $5.91 billion, a PE ratio of 8.32 and a beta of 0.70.

WARNING: This piece was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/05/20/michael-kors-holdings-ltd-kors-shares-bought-by-kbc-group-nv.html.

Several brokerages have recently issued reports on KORS. Jefferies Group LLC set a $65.00 price target on Michael Kors Holdings and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity reissued a “buy” rating and set a $45.00 price objective on shares of Michael Kors Holdings in a research note on Tuesday, February 7th. Nomura set a $46.00 price objective on Michael Kors Holdings and gave the stock a “buy” rating in a research note on Thursday, February 9th. Deutsche Bank AG lowered Michael Kors Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $47.00 to $40.00 in a research note on Monday. Finally, Cowen and Company reissued a “hold” rating and set a $40.00 price objective (down from $47.00) on shares of Michael Kors Holdings in a research note on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.97.

About Michael Kors Holdings

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.

12 Month Chart for NYSE:KORS

Receive News & Ratings for Michael Kors Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply