Media coverage about Michael Kors Holdings Limited (NYSE:KORS) has trended somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michael Kors Holdings Limited earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the lifestyle brand an impact score of 79 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near term.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 price objective on shares of Michael Kors Holdings Limited in a research report on Friday, June 9th. Oppenheimer Holdings, Inc. set a $31.00 price objective on Michael Kors Holdings Limited and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Morgan Stanley reiterated an “equal weight” rating and set a $36.00 price objective (down from $43.00) on shares of Michael Kors Holdings Limited in a research report on Thursday, June 1st. Cowen and Company boosted their price objective on Michael Kors Holdings Limited from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 12th. Finally, Canaccord Genuity set a $33.00 price objective on Michael Kors Holdings Limited and gave the stock a “hold” rating in a research report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company’s stock. Michael Kors Holdings Limited currently has an average rating of “Hold” and a consensus target price of $40.63.
Michael Kors Holdings Limited (NYSE:KORS) traded down 1.14% during trading on Tuesday, hitting $34.54. 1,694,873 shares of the stock were exchanged. The firm has a market capitalization of $5.38 billion, a PE ratio of 10.50 and a beta of 0.15. The stock has a 50 day moving average price of $35.98 and a 200-day moving average price of $39.16. Michael Kors Holdings Limited has a 12-month low of $32.38 and a 12-month high of $53.29.
Michael Kors Holdings Limited (NYSE:KORS) last announced its quarterly earnings results on Wednesday, May 31st. The lifestyle brand reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Michael Kors Holdings Limited had a net margin of 12.38% and a return on equity of 41.00%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was down 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Michael Kors Holdings Limited will post $3.56 earnings per share for the current fiscal year.
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About Michael Kors Holdings Limited
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.
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