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 Ratio13.74
Forward P/E Ratio15.61
Sales & Book Value
Annual Sales$4.49 billion
Price / Sales2.09
Cash Flow$5.80 per share
Price / Cash10.66
Book Value$9.82 per share
Price / Book6.29
Net Income$552.50 million
Return on Equity42.09%
Return on Assets28.42%
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 announced that its board has authorized a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 18.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Michael Kors' earnings last quarter?
Michael Kors Holdings Ltd (NYSE:KORS) released its quarterly earnings data on Monday, November, 6th. The lifestyle brand reported $1.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.50. The lifestyle brand earned $1.15 billion during the quarter, compared to analysts' expectations of $1.05 billion. Michael Kors had a return on equity of 42.09% and a net margin of 12.68%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. 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 issued an update on its third quarter earnings guidance on Monday, November, 6th. The company provided earnings per share guidance of $1.26-1.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52. The company issued revenue guidance of $1.245-1.280 billion, compared to the consensus revenue estimate of $1.41 billion.
Where is Michael Kors' stock going? Where will Michael Kors' stock price be in 2017?
28 brokers have issued 12 month price targets for Michael Kors' stock. Their forecasts range from $26.00 to $70.00. On average, they anticipate Michael Kors' share price to reach $50.73 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, "Shares of Michael Kors have outperformed the industry in the past three months owing to positive earnings streak for the 10th straight quarter, when it reported second-quarter fiscal 2018 results and provided upbeat fiscal 2018 guidance. 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 earlier estimate of $3.62-$3.72 per share. Meanwhile, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. The company has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform. However, stiff competition, falling comps, aggressive promotional environment and waning mall traffic are making things tough." (11/8/2017)
- 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)
- 3. Mizuho analysts commented, "We are lowering our estimates and PT to $38 from $50 to reflect the dramatic guide cut and a corresponding reduction in P/E multiple to 10x (from 11x prior) as the company continues to struggle repositioning the brand amidst flattish handbag and accessories industry growth. Although management is taking the right steps to ensure LT brand equity, we believe opportunities for growth in men's, wearables, and Int'l, may be unable to offset curtailment in handbag and accessories in NA and European retail and wholesale channels. With sales and margins likely taking another minor step down before stabilizing, we expect the stock to remain range-bound." (2/7/2017)
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), Foot Locker (FL), Carter's (CRI), ASOS (ASC), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Kate Spade & Co (KATE), Guess? (GES), Abercrombie & Fitch (ANF), Ted Baker (TED), Buckle (BKE), Express (EXPR), N Brown Group (BWNG), Genesco (GCO), Lands' End (LE) and Tilly's (TLYS).
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)
- 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)
- Ann McLaughlin Korologos, Independent Director (Age 75)
Who owns Michael Kors stock?
Michael Kors' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Flossbach Von Storch AG (7.73%), APG Asset Management N.V. (2.94%), Bank of New York Mellon Corp (2.18%), Schroder Investment Management Group (1.60%), Thompson Siegel & Walmsley LLC (1.23%) and ARGA Investment Management LP (0.92%). Company insiders that own Michael Kors stock include Cathy Marie Robinson, Jean Tomlin, John D Idol, Krista A Mcdonough, Lee S Sporn and M William Benedetto. 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 Thompson Siegel & Walmsley LLC, PGGM Investments, Flossbach Von Storch AG, American Century Companies Inc., Allianz Asset Management GmbH, Nationwide Fund Advisors, KBC Group NV and Wells Fargo & Company MN. Company insiders that have sold Michael Kors company stock in the last year include John D Idol, Krista A Mcdonough and M William Benedetto. 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 Ardevora Asset Management LLP, Contrarius Investment Management Ltd, Principal Financial Group Inc., Dimensional Fund Advisors LP, Prudential Financial Inc., Asset Management One Co. Ltd., Meag Munich Ergo Kapitalanlagegesellschaft MBH and Schwab Charles Investment Management Inc.. 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 $61.81.
How big of a company is Michael Kors?
Michael Kors has a market capitalization of $9.40 billion and generates $4.49 billion in revenue each year. The lifestyle brand earns $552.50 million in net income (profit) each year or $3.59 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: ||2.27||2.23||2.04||2.14|
|Ratings Breakdown: ||1 Sell Rating(s)|
20 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
20 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
21 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
23 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$50.48||$49.50||$42.83||$42.33|
|Price Target Upside: ||14.13% downside||9.52% downside||0.34% upside||19.59% upside|
Michael Kors (NYSE:KORS) Consensus Price Target History
Michael Kors (NYSE:KORS) Analyst Ratings History
(Data available from 12/11/2015 forward)
Michael Kors (NYSE:KORS) Earnings History and Estimates Chart
Michael Kors (NYSE KORS) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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
(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: 86.59%
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||Details|
|11/17/2017||Krista A Mcdonough||SVP||Sell||7,500||$55.93||$419,475.00|| |
|11/9/2017||M William Benedetto||Director||Sell||2,000||$53.60||$107,200.00|| |
|11/7/2017||John D Idol||CEO||Sell||500||$55.12||$27,560.00|| |
|12/5/2016||Krista A Mcdonough||SVP||Sell||5,156||$48.02||$247,591.12|| |
|9/2/2016||Lee S Sporn||SVP||Sell||26,341||$50.02||$1,317,576.82|| |
|8/30/2016||Lee S Sporn||SVP||Sell||4,700||$50.00||$235,000.00|| |
|6/17/2016||Cathy Marie Robinson||SVP||Sell||759||$49.89||$37,866.51|| |
|6/13/2016||Cathy Marie Robinson||SVP||Sell||6,643||$50.02||$332,282.86|| |
|6/9/2016||Jean Tomlin||Director||Sell||2,975||$50.65||$150,683.75|| |
|6/8/2016||Lee S Sporn||SVP||Sell||76,000||$50.59||$3,844,840.00|| |
|2/26/2014||Judy Gibbons||Director||Buy||1,980||$100.17||$198,336.60|| |
Michael Kors (NYSE KORS) News Headlines
Michael Kors (NYSE:KORS) SEC Filings
Michael Kors (NYSE:KORS) Income Statement, Balance Sheet and Cash Flow Statement
Michael Kors (NYSE KORS) Stock Chart for Monday, December, 11, 2017