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. 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
- 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
- Net Margins: 16.59%
- Return on Equity: 41.96%
- Return on Assets: 28.38%
Companies Related to Michael Kors Holdings Limited:
- Current Ratio: 2.04%
- Quick Ratio: 1.16%
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.