Michael Kors Holdings Limited Company Profile (NYSE:KORS)

About Michael Kors Holdings Limited

Michael Kors Holdings Limited logoMichael 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:
  • Sector: Consumer Discretionary
  • Industry: Textile - Apparel Clothing
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Exchange: NYSE
  • Symbol: KORS
  • CUSIP: G6075410
Key Metrics:
  • Previous Close: $38.30
  • 50 Day Moving Average: $41.92
  • 200 Day Moving Average: $47.02
  • 52-Week Range: $34.92 - $59.49
  • Trailing P/E Ratio: 8.75
  • Foreward P/E Ratio: 9.48
  • P/E Growth: 2.28
  • Market Cap: $6.21B
  • Outstanding Shares: 162,226,000
  • Beta: 0.7
Profitability:
  • Net Margins: 16.59%
  • Return on Equity: 41.96%
  • Return on Assets: 28.38%
Debt:
  • Current Ratio: 2.04%
  • Quick Ratio: 1.16%
Additional Links:
Companies Related to Michael Kors Holdings Limited:

Analyst Ratings

Consensus Ratings for Michael Kors Holdings Limited (NYSE:KORS) (?)
Ratings Breakdown: 20 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: $45.83 (19.65% upside)

Analysts' Ratings History for Michael Kors Holdings Limited (NYSE:KORS)
Show:
DateFirmActionRatingPrice TargetDetails
2/7/2017William BlairReiterated RatingMarket PerformView Rating Details
2/8/2017Credit Suisse GroupSet Price TargetHold$42.00View Rating Details
2/9/2017NomuraSet Price TargetBuy$46.00View Rating Details
2/9/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform$42.00 -> $36.00View Rating Details
2/9/2017InstinetReiterated RatingBuy$55.00 -> $46.00View Rating Details
2/8/2017WedbushLower Price TargetNeutral$45.00 -> $36.00View Rating Details
2/8/2017Royal Bank Of CanadaLower Price TargetSector Perform$51.00 -> $42.00View Rating Details
2/8/2017RBC Capital MarketsReiterated RatingHold$51.00 -> $42.00View Rating Details
2/8/2017Telsey Advisory GroupLower Price TargetMarket Perform$48.00 -> $42.00View Rating Details
2/8/2017Bank of America CorpLower Price TargetNeutral$54.00 -> $44.00View Rating Details
2/8/2017Piper Jaffray CompaniesLower Price Target$34.00View Rating Details
2/8/2017Morgan StanleyLower Price TargetEqual Weight$52.00 -> $43.00View Rating Details
2/8/2017Cowen and CompanyLower Price Target$40.00View Rating Details
2/7/2017Jefferies Group LLCSet Price TargetBuy$65.00View Rating Details
2/7/2017MizuhoLower Price TargetNeutral$50.00 -> $38.00View Rating Details
2/7/2017Deutsche Bank AGReiterated RatingBuy$56.00 -> $50.00View Rating Details
2/7/2017Canaccord GenuityReiterated RatingBuy$45.00View Rating Details
2/1/2017Evercore ISIDowngradeBuy -> HoldView Rating Details
11/10/2016BMO Capital MarketsSet Price TargetHold$46.00View Rating Details
11/11/2016J P Morgan Chase & CoReiterated RatingHold$44.00View Rating Details
9/30/2016GuggenheimInitiated CoverageNeutralView Rating Details
8/13/2016Citigroup Inc.Reiterated RatingNeutral$51.00View Rating Details
8/11/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$50.00 -> $52.00View Rating Details
6/1/2016Buckingham ResearchReiterated RatingNeutral$54.00 -> $47.00View Rating Details
5/17/2016BB&T CorporationReiterated RatingBuy$58.00View Rating Details
4/11/2016StephensReiterated RatingHoldView Rating Details
3/16/2016Wells Fargo & CompanyReiterated RatingMarket PerformView Rating Details
3/9/2016Jyske BankInitiated CoverageBuy$65.00View Rating Details
2/3/2016Robert W. BairdBoost Price TargetNeutral$42.00 -> $52.00View Rating Details
2/2/2016Standpoint ResearchDowngradeBuy -> HoldView Rating Details
11/14/2015Sanford C. BernsteinReiterated RatingOutperformView Rating Details
8/17/2015Wolfe ResearchInitiated CoveragePeer Perform$46.00View Rating Details
8/7/2015S&P Equity ResearchUpgradeBuy$60.00 -> $50.00View Rating Details
7/27/2015Barclays PLCReiterated RatingEqual Weight$50.00View Rating Details
7/16/2015OTR GlobalDowngradePositiveView Rating Details
5/29/2015Maxim GroupLower Price TargetHold$65.00 -> $42.00View Rating Details
5/28/2015Sterne Agee CRTLower Price TargetNeutral$72.00 -> $58.00View Rating Details
5/28/2015Janney Montgomery ScottLower Price TargetNeutral$81.00 -> $52.00View Rating Details
5/28/2015Topeka Capital MarketsLower Price TargetBuy$120.00 -> $75.00View Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for Michael Kors Holdings Limited (NYSE:KORS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/7/2017        
2/7/2017Q317$1.63$1.64$1.36 billion$1.35 billionViewListenView Earnings Details
11/10/2016Q217$0.88$0.95$1.09 billion$1.09 billionViewN/AView Earnings Details
8/10/2016Q117$0.74$0.88$954.13 million$987.90 millionViewListenView Earnings Details
6/1/2016Q416$0.97$0.98$1.15 billion$1.20 billionViewN/AView Earnings Details
2/2/2016Q316$1.46$1.59$1.36 billion$1.34 billionViewN/AView Earnings Details
11/4/2015Q216$0.89$1.01$1.08 billion$1.13 billionViewN/AView Earnings Details
8/6/2015Q116$0.75$0.87$946.76 million$986.00 millionViewN/AView Earnings Details
5/27/2015Q415$0.91$0.90$1.08 billion$1.10 billionViewListenView Earnings Details
2/5/2015Q315$1.33$1.48$1.30 billion$1.26 billionViewN/AView Earnings Details
11/4/2014Q215$0.89$1.00$977.49 million$1.06 millionViewListenView Earnings Details
8/4/2014Q115$0.81$0.91$852.45 million$9.19 billionViewListenView Earnings Details
5/28/2014Q414$0.68$0.78$816.51 million$917.50 millionViewListenView Earnings Details
2/4/2014Q314$0.86$1.11$859.94 million$1,000.00 millionViewListenView Earnings Details
11/5/2013Q214$0.67$0.71$722.20 million$740.30 millionViewListenView Earnings Details
8/6/2013Q1 2014$0.49$0.61$570.52 million$640.90 millionViewListenView Earnings Details
5/29/2013Q4 2013$0.39$0.50$546.07 million$597.20 millionViewListenView Earnings Details
2/12/2013Q3 2013$0.41$0.64$540.30 million$636.80 millionViewListenView Earnings Details
11/13/2012Q213$0.40$0.49$519.31 million$532.90 millionViewN/AView Earnings Details
8/14/2012$0.20$0.34ViewN/AView Earnings Details
6/12/2012$0.16$0.21ViewN/AView Earnings Details
2/14/2012$0.11$0.28ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Michael Kors Holdings Limited (NYSE:KORS)
Current Year EPS Consensus Estimate: $4.17 EPS
Next Year EPS Consensus Estimate: $4.04 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.92$1.10$1.04
Q2 20162$0.85$0.98$0.92
Q3 20162$0.93$1.10$1.02
Q4 20162$1.46$1.57$1.52
Q1 20172$0.90$1.08$0.99
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Michael Kors Holdings Limited (NYSE:KORS)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Michael Kors Holdings Limited (NYSE:KORS)
Insider Ownership Percentage: 5.00%
Institutional Ownership Percentage: 88.54%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/5/2016Krista A McdonoughSVPSell5,156$48.02$247,591.12View SEC Filing  
9/2/2016Lee S SpornSVPSell26,341$50.02$1,317,576.82View SEC Filing  
8/30/2016Lee S SpornSVPSell4,700$50.00$235,000.00View SEC Filing  
6/17/2016Cathy Marie RobinsonSVPSell759$49.89$37,866.51View SEC Filing  
6/13/2016Cathy Marie RobinsonSVPSell6,643$50.02$332,282.86View SEC Filing  
6/9/2016Jean TomlinDirectorSell2,975$50.65$150,683.75View SEC Filing  
6/8/2016Lee S SpornSVPSell76,000$50.59$3,844,840.00View SEC Filing  
2/26/2014Judy GibbonsDirectorBuy1,980$100.17$198,336.60View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Michael Kors Holdings Limited (NYSE:KORS)
DateHeadline
marketrealist.com logoKATE’s 4Q16 Profitability Improves on Better Cost Controls (NYSE:KORS)
marketrealist.com - February 20 at 10:23 AM
News IconProminent Runners: Marathon Petroleum Corporation (NYSE:MPC), Michael Kors Holdings Limited (NYSE:KORS) - The Newburgh Press (NYSE:KORS)
newburghpress.com - February 18 at 5:30 PM
finance.yahoo.com logoMICHAEL KORS HOLDINGS LTD Financials (NYSE:KORS)
finance.yahoo.com - February 18 at 5:30 PM
us.rd.yahoo.com logoRobust Online Sales Boost Kate Spade’s 4Q16 Top Line (NYSE:KORS)
us.rd.yahoo.com - February 18 at 12:05 PM
us.rd.yahoo.com logo[$$] New York Fashion Week trends (NYSE:KORS)
us.rd.yahoo.com - February 17 at 4:22 PM
thestreet.com logoMichael Kors Is Having Trouble Holding Support (NYSE:KORS)
us.rd.yahoo.com - February 17 at 4:22 PM
us.rd.yahoo.com logo[$$] Michael Kors AW17 show dressed for success (NYSE:KORS)
us.rd.yahoo.com - February 16 at 5:53 PM
investopedia.com logoEinhorn Scraps $143.5 Million Michael Kors Investment (NYSE:KORS)
www.investopedia.com - February 16 at 5:53 PM
finance.yahoo.com logoKate Spade for sale? (NYSE:KORS)
finance.yahoo.com - February 16 at 5:53 PM
News IconImpact of Brokerage Rating on Michael Kors Holdings Limited(KORS) - Highland Mirror (NYSE:KORS)
www.highlandmirror.com - February 15 at 5:41 AM
bloomberg.com logoU.S. Luxury Waves Bon Voyage (NYSE:KORS)
www.bloomberg.com - February 15 at 5:41 AM
seekingalpha.com logoMichael Kors: Should You Buy The Stock Now? (NYSE:KORS)
seekingalpha.com - February 14 at 7:38 PM
biz.yahoo.com logoMICHAEL KORS HOLDINGS LTD Files SEC form 10-Q, Quarterly Report (NYSE:KORS)
biz.yahoo.com - February 14 at 7:37 PM
seekingalpha.com logoMichael Kors: Out Of Fashion? (NYSE:KORS)
seekingalpha.com - February 13 at 7:16 PM
us.rd.yahoo.com logoNew York Fashion Week: A Snapshot (NYSE:KORS)
us.rd.yahoo.com - February 13 at 7:16 PM
wsj.com logo[$$] Time Is Running Out for Fossil (NYSE:KORS)
us.rd.yahoo.com - February 13 at 7:16 PM
News IconMichael Kors Holdings Ltd. Global Market Share, Opportunities, Segmentation and Forecast to 2022 (NYSE:KORS)
empowerednews.net - February 13 at 10:46 AM
us.rd.yahoo.com logoFashion Week: A Snapshot (NYSE:KORS)
us.rd.yahoo.com - February 13 at 10:46 AM
News IconPrice Forecast For Michael Kors Holdings Limited (NYSE:KORS) Stock At $42.75 - Transcript Daily (NYSE:KORS)
transcriptdaily.com - February 12 at 4:15 AM
News IconExpected For Michael Kors Holdings Limited (NYSE:KORS) Sales Of $4489.233 (NYSE:KORS)
brassale.net - February 10 at 11:59 PM
News IconForward Earnings Estimate of Michael Kors Holdings Limited(KORS) (NYSE:KORS)
latribunadecanarias.com - February 10 at 11:59 PM
thestreet.com logoKors Faces Big Challenges as It Tries to Return to Its Roots (NYSE:KORS)
us.rd.yahoo.com - February 10 at 11:59 PM
us.rd.yahoo.com logoKors Is The Latest Retail Highflier To Get Its Wings Clipped (NYSE:KORS)
us.rd.yahoo.com - February 10 at 11:59 PM
us.rd.yahoo.com logoWeekly Wrap from Briefing.com (NYSE:KORS)
us.rd.yahoo.com - February 10 at 11:59 PM
News IconLee Sporn, Former Michael Kors General Counsel, Joins Olshan - IPWatchdog.com (NYSE:KORS)
www.ipwatchdog.com - February 10 at 6:58 PM
News IconComprehensive Stock Analysis of: Michael Kors Holdings Limited (NYSE:KORS) (NYSE:KORS)
techknowbits.com - February 10 at 12:23 AM
News IconMichael Kors Reports Mixed Results For Third Quarter (NYSE:KORS)
xboxonezone.com - February 9 at 7:09 PM
News IconStock Showing Surging Activity: Michael Kors Holdings Limited (NYSE:KORS) (NYSE:KORS)
mlbinjurynews.com - February 9 at 7:09 PM
capitalcube.com logoMichael Kors Holdings Ltd. :KORS-US: Earnings Analysis: Q3, 2017 By the Numbers : February 9, 2017 (NYSE:KORS)
us.rd.yahoo.com - February 9 at 7:08 PM
thestreet.com logoMichael Kors May Have Signed Its Death Warrant (NYSE:KORS)
us.rd.yahoo.com - February 8 at 11:58 PM
News IconMichael Kors Holdings Ltd (NYSE:KORS) Gapped Down on Heavy Volume - Live Trading News (NYSE:KORS)
www.livetradingnews.com - February 8 at 6:58 PM
News IconMichael Kors comparable sales fall more than expected - Channel NewsAsia (NYSE:KORS)
www.channelnewsasia.com - February 8 at 6:58 PM
News IconLuxury sector pain spreads, Michael Kors sees weakness ahead - Orlando Sentinel (NYSE:KORS)
www.orlandosentinel.com - February 8 at 6:58 PM
seekingalpha.com logoMichael Kors Fiscal Q3 2017 - Time To Sell - Seeking Alpha (NYSE:KORS)
seekingalpha.com - February 8 at 6:58 PM
feeds.benzinga.com logoMichael Kors Reducing Discounts Is Far Off; Fiscal Year 2018 Outlook Is At Risk (NYSE:KORS)
feeds.benzinga.com - February 8 at 12:10 PM
us.rd.yahoo.com logoTri:Factor: These are the big risks to retailers (NYSE:KORS)
us.rd.yahoo.com - February 8 at 5:32 AM
us.rd.yahoo.com logoEdited Transcript of KORS earnings conference call or presentation 7-Feb-17 1:00pm GMT (NYSE:KORS)
us.rd.yahoo.com - February 8 at 12:30 AM
wsj.com logo[$$] Michael Kors Focuses on Handbag Quality to Battle Discounting (NYSE:KORS)
www.wsj.com - February 8 at 12:30 AM
News IconMichael Kors Holdings Limited (KORS) Set to Announce Quarterly Earnings on Tuesday (NYSE:KORS)
cote-ivoire.com - February 7 at 7:29 PM
News IconMichael Kors Holdings Limited (NYSE:KORS) (NYSE:KORS)
ekosvoice.com - February 7 at 7:29 PM
marketexclusive.com logoMICHAEL KORS HOLDINGS LIMITED (NYSE:KORS) Files An 8-K Results of Operations and Financial Condition (NYSE:KORS)
marketexclusive.com - February 7 at 7:29 PM
nasdaq.com logoEarnings Reaction History: Michael Kors Holdings Limited, 33.3% Follow-Through Indicator, 5.2% Sensitive (NYSE:KORS)
www.nasdaq.com - February 7 at 7:29 PM
businesswire.com logoMichael Kors Holdings Limited Announces Third Quarter Fiscal 2017 Results (NYSE:KORS)
www.businesswire.com - February 7 at 7:29 PM
News IconStock Price of Michael Kors Holdings Limited (KORS) Decreases -1.23% (NYSE:KORS)
hoyentv.com - February 7 at 7:29 PM
reuters.com logoBRIEF-Michael Kors Holdings posts Q3 earnings per share $1.64 (NYSE:KORS)
www.reuters.com - February 7 at 7:29 PM
seekingalpha.com logoMichael Kors Holdings (KORS) Q3 2017 Results - Earnings Call Transcript (NYSE:KORS)
seekingalpha.com - February 7 at 7:29 PM
News IconThe Michael Kors Holdings Limited (KORS) to Release Earnings on Tuesday (NYSE:KORS)
techknowbits.com - February 7 at 7:29 PM
us.rd.yahoo.com logoMichael Kors: Just Another Victim of Weak Holiday Sales (NYSE:KORS)
us.rd.yahoo.com - February 7 at 7:29 PM
us.rd.yahoo.com logoKniffen: Sears likely to be restructured in 2017 (NYSE:KORS)
us.rd.yahoo.com - February 7 at 7:29 PM
us.rd.yahoo.com logoTeva, Kors Stagger into Tuesday’s 52-Week Low Club (NYSE:KORS)
us.rd.yahoo.com - February 7 at 7:29 PM

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What is Michael Kors Holdings Limited's stock symbol?

Michael Kors Holdings Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "KORS."

Where is Michael Kors Holdings Limited's stock going? Where will Michael Kors Holdings Limited's stock price be in 2017?

28 brokerages have issued 12 month price objectives for Michael Kors Holdings Limited's stock. Their forecasts range from $34.00 to $65.00. On average, they anticipate Michael Kors Holdings Limited's stock price to reach $45.83 in the next twelve months.

When will Michael Kors Holdings Limited announce their earnings?

Michael Kors Holdings Limited is scheduled to release their next quarterly earnings announcement on Tuesday, February, 7th 2017.

What are analysts saying about Michael Kors Holdings Limited stock?

Here are some recent quotes from research analysts about Michael Kors Holdings Limited stock:

  • 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)
  • According to Zacks Investment Research, "Michael Kors has been constantly deploying resources to expand its product offerings, open new stores, build shop-in-shops, and upgrade E-commerce platform. This is well evident from the stock’s performance over the past one year, when it outperformed the industry. The company posted six-straight quarter of positive earnings surprise, when it reported second-quarter fiscal 2017 results. However, despite witnessing better-than-expected bottom-line results, investor sentiment was hurt due to year-over-year declines in both the top and bottom lines coupled with subdued outlook. Management pointed out that results were persistently hurt by sluggish mall traffic and fall in tourism along with reduce sell-in of inventory to the U.S. wholesale channel. Moreover, geopolitical issues, competitive retail landscape and foreign currency fluctuations are also likely to keep top-line under pressure. Further, heavy investments may also hurt margins." (1/30/2017)

Who owns Michael Kors Holdings Limited stock?

Michael Kors Holdings Limited's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (5.09%), AQR Capital Management LLC (3.04%), FMR LLC (2.51%), O Shaughnessy Asset Management LLC (1.02%), Thompson Siegel & Walmsley LLC (0.97%) and Investec Asset Management LTD (0.74%). Company insiders that own Michael Kors Holdings Limited stock include Cathy Marie Robinson, Jean Tomlin, Krista A Mcdonough and Lee S Sporn.

Who sold Michael Kors Holdings Limited stock? Who is selling Michael Kors Holdings Limited stock?

Michael Kors Holdings Limited's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., NN Investment Partners Holdings N.V., State Street Corp, Brown Advisory Inc., Cadence Capital Management LLC, Federated Investors Inc. PA, Teachers Retirement System of The State of Kentucky and Morris Capital Advisors LLC. Company insiders that have sold Michael Kors Holdings Limited stock in the last year include Cathy Marie Robinson, Jean Tomlin, Krista A Mcdonough and Lee S Sporn.

Who bought Michael Kors Holdings Limited stock? Who is buying Michael Kors Holdings Limited stock?

Michael Kors Holdings Limited's stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Thompson Siegel & Walmsley LLC, Guggenheim Capital LLC, Flinton Capital Management LLC, FMR LLC, Portland Hill Capital LLP, Russell Investments Group Ltd. and Tyers Asset Management LLC.

How do I buy Michael Kors Holdings Limited stock?

Shares of Michael Kors Holdings Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Michael Kors Holdings Limited stock cost?

One share of Michael Kors Holdings Limited stock can currently be purchased for approximately $38.30.

Michael Kors Holdings Limited (NYSE:KORS) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for Michael Kors Holdings Limited (NYSE:KORS)

Dividend History Chart

Dividend Payments by Quarter for Michael Kors Holdings Limited (NYSE:KORS)

Last Updated on 2/21/2017 by MarketBeat.com Staff