About Michael Kors (NYSE:KORS)
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. The Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (the United States, Canada and Latin America), Europe and Asia, as well as e-commerce. Wholesale revenues are principally derived from major department and specialty stores located throughout the Americas, Europe and Asia. The Company licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men's suits, swimwear, furs and ties, as well as through geographic licenses.
Industry, Sector and Symbol
Industry Apparel & Accessories Retailers
Sub-IndustryApparel Accessories & Luxury Goods
Trailing P/E Ratio13.98
Forward P/E Ratio14.45
Sales & Book Value
Annual Sales$4.49 billion
Price / Sales2.19
Cash Flow$5.80 per share
Price / Cash11.16
Book Value$13.67 per share
Price / Book4.73
Net Income$552.50 million
Return on Equity40.86%
Return on Assets24.94%
Michael Kors (NYSE:KORS) Frequently Asked Questions
What is Michael Kors' stock symbol?
Michael Kors trades on the New York Stock Exchange (NYSE) under the ticker symbol "KORS."
How will Michael Kors' stock buyback program work?
Michael Kors declared that its Board of Directors has authorized a share repurchase program on Sunday, June 4th 2017, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 18.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
How were Michael Kors' earnings last quarter?
Michael Kors Holdings Ltd (NYSE:KORS) announced its quarterly earnings results on Wednesday, February, 7th. The lifestyle brand reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.48. The lifestyle brand had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. Michael Kors had a net margin of 11.32% and a return on equity of 40.86%. The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. View Michael Kors' Earnings History.
When will Michael Kors make its next earnings announcement?
What guidance has Michael Kors issued on next quarter's earnings?
Michael Kors updated its fourth quarter earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of $0.57-0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $1.11-1.13 billion, compared to the consensus revenue estimate of $1.14 billion.
Where is Michael Kors' stock going? Where will Michael Kors' stock price be in 2018?
29 brokerages have issued twelve-month target prices for Michael Kors' shares. Their predictions range from $26.00 to $90.00. On average, they expect Michael Kors' share price to reach $62.30 in the next year. View Analyst Ratings for Michael Kors.
What are Wall Street analysts saying about Michael Kors stock?
Here are some recent quotes from research analysts about Michael Kors stock:
- 1. According to Zacks Investment Research, "Michael Kors has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform. These endeavors along with the positive earnings streak for the 10th straight quarter and an upbeat fiscal 2018 outlook following the sturdy second-quarter results, aided the stock to outpace the industry in the past six months. The company now envisions fiscal 2018 total revenues to be approximately $4.59 billion, up from the previous estimate of approximately $4.275 billion. Management anticipates earnings in the band of $3.85-$3.95 per share for the fiscal year, up from the earlier estimate of $3.62-$3.72 per share. Meanwhile, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. However, stiff competition, falling comps, aggressive promotional environment and waning mall traffic still remain concerns." (2/6/2018)
- 2. Piper Jaffray Companies analysts commented, "ADUS reported Q3:17 adj. EPS of $0.42 (GAAP: $0.29) compared to OPCO/ Street of $0.42/$0.41E. Adjusted results exclude $0.04 of M&A expenses, $0.04 of restructuring charges, $0.01 of severance/other costs and $0.04 of stock-based comp. The solid quarter reflects two months of Options Home Care (Annualized:$20M in revs, ~$3M in EBITDA), and the related leverage in the model. Cash flow was also strong, reflecting collections in Illinois following this summer’s budget. Following the quarter, we are tweaking our FY2017/2018 EPS estimates to $1.58/$1.89 from $1.61/ $1.91 and maintaining our $45 price target." (11/6/2017)
Who are some of Michael Kors' key competitors?
Some companies that are related to Michael Kors include L Brands (LB), GAP (GPS), Burberry Group (BRBY), ASOS (ASC), Foot Locker (FL), Carter's (CRI), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Kate Spade & Co (KATE), Abercrombie & Fitch (ANF), Ted Baker (TED), Guess? (GES), Buckle (BKE), Genesco (GCO), Express (EXPR), Lands' End (LE), N Brown Group (BWNG) and Ascena Retail Group (ASNA).
Who are Michael Kors' key executives?
Michael Kors' management team includes the folowing people:
- John D. Idol, Chairman of the Board, Chief Executive Officer (Age 58)
- Michael David Kors, Non-Executive Chairman of the Board, Other, Director (Age 57)
- Thomas J. Edwards Jr., Chief Financial Officer, Chief Operating Officer, Executive Vice President, Treasurer (Age 52)
- Pascale Meyran, Chief Human Resource Officer, Senior Vice President (Age 57)
- Krista Ann McDonough, Senior Vice President, General Counsel (Age 37)
- Francesca Leoni, Senior Vice President and Chief Brand Officer
- Cathy Marie Robinson, Senior Vice President - Corporate Strategy, Chief Operations Officer (Age 49)
- M. William Benedetto, Lead Independent Director (Age 76)
- Robin Anthony David Freestone, Independent Director (Age 58)
- Judy Gibbons, Independent Director (Age 60)
Who owns Michael Kors stock?
Michael Kors' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.97%), Flossbach Von Storch AG (2.50%), APG Asset Management N.V. (2.33%), Bank of New York Mellon Corp (2.07%), Geode Capital Management LLC (1.65%) and Schroder Investment Management Group (0.95%). Company insiders that own Michael Kors stock include Cathy Marie Robinson, Jean Tomlin, John D Idol, Krista A Mcdonough, Lee S Sporn, M William Benedetto, Pascale Meyran and Stephen F Reitman. View Institutional Ownership Trends for Michael Kors.
Who sold Michael Kors stock? Who is selling Michael Kors stock?
Michael Kors' stock was sold by a variety of institutional investors in the last quarter, including Flossbach Von Storch AG, BlackRock Inc., Schroder Investment Management Group, APG Asset Management N.V., Guggenheim Capital LLC, ANTIPODES PARTNERS Ltd, Credit Agricole S A and Candriam Luxembourg S.C.A.. Company insiders that have sold Michael Kors company stock in the last year include John D Idol, Krista A Mcdonough, M William Benedetto, Pascale Meyran and Stephen F Reitman. View Insider Buying and Selling for Michael Kors.
Who bought Michael Kors stock? Who is buying Michael Kors stock?
Michael Kors' stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Bank of Montreal Can, Acadian Asset Management LLC, Arrowstreet Capital Limited Partnership, Two Sigma Advisers LP, Renaissance Technologies LLC, Lodge Hill Capital LLC and Teacher Retirement System of Texas. View Insider Buying and Selling for Michael Kors.
How do I buy Michael Kors stock?
Shares of Michael Kors can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Michael Kors' stock price today?
One share of Michael Kors stock can currently be purchased for approximately $64.72.
How big of a company is Michael Kors?
Michael Kors has a market capitalization of $9.85 billion and generates $4.49 billion in revenue each year. The lifestyle brand earns $552.50 million in net income (profit) each year or $3.37 on an earnings per share basis. Michael Kors employs 13,702 workers across the globe.
How can I contact Michael Kors?
Michael Kors' mailing address is 33 KINGSWAY, LONDON X0, WC2B 6UF. The lifestyle brand can be reached via phone at 44-20-7632-8600 or via email at [email protected]
MarketBeat Community Rating for Michael Kors (KORS)MarketBeat's community ratings are surveys of what our community members think about Michael Kors and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Michael Kors (NYSE:KORS) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.34||2.33||2.21||2.04|
|Ratings Breakdown: ||1 Sell Rating(s)|
17 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
18 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
18 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
19 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$62.30||$53.82||$49.38||$42.00|
|Price Target Upside: ||3.78% upside||19.99% downside||9.73% downside||8.26% downside|
Michael Kors (NYSE:KORS) Consensus Price Target History
Michael Kors (NYSE:KORS) Analyst Ratings History
(Data available from 2/25/2016 forward)
Michael Kors (NYSE:KORS) Earnings History and Estimates Chart
Michael Kors (NYSE KORS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/30/2018|| || || || || || || || |
|2/7/2018||Q3 2018||$1.29||$1.77||$1.38 billion||$1.44 billion||View||N/A|
|11/6/2017||Q2 2018||$0.83||$1.33||$1.05 billion||$1.15 billion||View||N/A|
|8/8/2017||Q1 2018||$0.62||$0.80||$919.18 million||$952.40 million||View||Listen|
|5/31/2017||3/31/2017||$0.70||$0.73||$1.05 billion||$1.06 billion||View||N/A|
|2/7/2017||Q317||$1.63||$1.64||$1.36 billion||$1.35 billion||View||Listen|
|11/10/2016||Q217||$0.88||$0.95||$1.09 billion||$1.09 billion||View||N/A|
|8/10/2016||Q117||$0.74||$0.88||$954.13 million||$987.90 million||View||Listen|
|6/1/2016||Q416||$0.97||$0.98||$1.15 billion||$1.20 billion||View||N/A|
|2/2/2016||Q316||$1.46||$1.59||$1.36 billion||$1.34 billion||View||N/A|
|11/4/2015||Q216||$0.89||$1.01||$1.08 billion||$1.13 billion||View||N/A|
|8/6/2015||Q116||$0.75||$0.87||$946.76 million||$986.00 million||View||N/A|
|5/27/2015||Q415||$0.90||$0.90||$1.08 billion||$1.10 billion||View||Listen|
|2/5/2015||Q315||$1.34||$1.48||$1.30 billion||$1.26 billion||View||N/A|
|11/4/2014||Q215||$0.89||$1.00||$977.49 million||$1.06 million||View||Listen|
|8/4/2014||Q115||$0.81||$0.91||$852.45 million||$9.19 billion||View||Listen|
|5/28/2014||Q414||$0.68||$0.78||$816.51 million||$917.50 million||View||Listen|
|2/4/2014||Q314||$0.86||$1.11||$859.94 million||$1,000.00 million||View||Listen|
|11/5/2013||Q214||$0.67||$0.71||$722.20 million||$740.30 million||View||Listen|
|8/6/2013||Q1 2014||$0.49||$0.61||$570.52 million||$640.90 million||View||Listen|
|5/29/2013||Q4 2013||$0.39||$0.50||$546.07 million||$597.20 million||View||Listen|
|2/12/2013||Q3 2013||$0.41||$0.64||$540.30 million||$636.80 million||View||Listen|
|11/13/2012||Q213||$0.40||$0.49||$519.31 million||$532.90 million||View||N/A|
Michael Kors (NYSE:KORS) Earnings Estimates
2018 EPS Consensus Estimate: $1.94
2019 EPS Consensus Estimate: $4.90
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Michael Kors (NYSE:KORS)
No dividend announcements for this company have been tracked by MarketBeat.com
Michael Kors (NYSE KORS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.00%
Institutional Ownership Percentage: 76.33%
Michael Kors (NYSE KORS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/16/2018||M William Benedetto||Director||Sell||4,000||$63.94||$255,760.00|| |
|2/14/2018||John D Idol||CEO||Sell||150,000||$62.26||$9,339,000.00|| |
|2/13/2018||Stephen F Reitman||Director||Sell||6,500||$62.47||$406,055.00|| |
|12/7/2017||Pascale Meyran||SVP||Sell||6,835||$60.01||$410,168.35||10,081|| |
|11/17/2017||Krista A Mcdonough||SVP||Sell||7,500||$55.93||$419,475.00||10,647|| |
|11/9/2017||M William Benedetto||Director||Sell||2,000||$53.60||$107,200.00||18,662|| |
|11/7/2017||John D Idol||CEO||Sell||500||$55.12||$27,560.00||1,688,046|| |
|12/5/2016||Krista A Mcdonough||SVP||Sell||5,156||$48.02||$247,591.12||6,843|| |
|9/2/2016||Lee S Sporn||SVP||Sell||26,341||$50.02||$1,317,576.82||40,707|| |
|8/30/2016||Lee S Sporn||SVP||Sell||4,700||$50.00||$235,000.00||22,653|| |
|6/17/2016||Cathy Marie Robinson||SVP||Sell||759||$49.89||$37,866.51||12,390|| |
|6/13/2016||Cathy Marie Robinson||SVP||Sell||6,643||$50.02||$332,282.86||11,116|| |
|6/9/2016||Jean Tomlin||Director||Sell||2,975||$50.65||$150,683.75||2,044|| |
|6/8/2016||Lee S Sporn||SVP||Sell||76,000||$50.59||$3,844,840.00||92,687|| |
|2/26/2014||Judy Gibbons||Director||Buy||1,980||$100.17||$198,336.60||4,105|| |
Michael Kors (NYSE KORS) News Headlines
Michael Kors (NYSE:KORS) SEC Filings
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Michael Kors (NYSE:KORS) Income Statement, Balance Sheet and Cash Flow Statement
Michael Kors (NYSE KORS) Stock Chart for Sunday, February, 25, 2018