Somewhat Favorable News Coverage Somewhat Unlikely to Affect Michael Kors Holdings Limited (KORS) Stock Price

Media stories about Michael Kors Holdings Limited (NYSE:KORS) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michael Kors Holdings Limited earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the lifestyle brand an impact score of 46.4393071896923 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

Michael Kors Holdings Limited (NYSE:KORS) last issued its earnings results on Tuesday, August 8th. The lifestyle brand reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. Michael Kors Holdings Limited had a net margin of 11.91% and a return on equity of 40.26%. The firm had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis.

A number of research firms have weighed in on KORS. CIBC raised Michael Kors Holdings Limited from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $44.00 to $55.00 in a report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Michael Kors Holdings Limited in a report on Thursday, September 14th. ValuEngine downgraded Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group set a $36.00 price objective on Michael Kors Holdings Limited and gave the company a “hold” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $36.00 price objective on shares of Michael Kors Holdings Limited in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. Michael Kors Holdings Limited presently has a consensus rating of “Hold” and a consensus price target of $45.35.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/10/13/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-michael-kors-holdings-limited-kors-stock-price.html.

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.

Insider Buying and Selling by Quarter for Michael Kors Holdings Limited (NYSE:KORS)

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

Latest News

Leave a Reply