Michael Kors Holdings Limited Company Profile (NYSE:KORS)

About Michael Kors Holdings Limited (NYSE:KORS)

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: Apparel & Accessories Retailers
  • Sub-Industry: Apparel Accessories & Luxury Goods
  • Symbol: NYSE:KORS
  • CUSIP: G6075410
  • Web: www.michaelkors.com
Capitalization:
  • Market Cap: $7.57298 billion
  • Outstanding Shares: 151,509,000
Average Prices:
  • 50 Day Moving Avg: $46.39
  • 200 Day Moving Avg: $39.63
  • 52 Week Range: $32.38 - $52.67
P/E:
  • Trailing P/E Ratio: 15.17
  • Foreward P/E Ratio: 13.22
  • P/E Growth: -6.23
Sales & Book Value:
  • Annual Revenue: $4.46 billion
  • Price / Sales: 1.68
  • Book Value: $10.43 per share
  • Price / Book: 4.74
Profitability:
  • EBITDA: $1.07 billion
  • Net Margins: 11.91%
  • Return on Equity: 40.26%
  • Return on Assets: 26.12%
Debt:
  • Current Ratio: 2.04%
  • Quick Ratio: 0.98%
Misc:
  • Average Volume: 2.29 million shs.
  • Beta: 0.02
  • Short Ratio: 4.03
 

Frequently Asked Questions for Michael Kors Holdings Limited (NYSE:KORS)

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."

How will Michael Kors Holdings Limited's stock buyback program work?

Michael Kors Holdings Limited declared that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 18.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

How were Michael Kors Holdings Limited's earnings last quarter?

Michael Kors Holdings Limited (NYSE:KORS) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.80 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.18. The firm had revenue of $952.40 million for the quarter, compared to analysts' expectations of $919.18 million. Michael Kors Holdings Limited had a return on equity of 40.26% and a net margin of 11.91%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. View Michael Kors Holdings Limited's Earnings History.

When will Michael Kors Holdings Limited make its next earnings announcement?

Michael Kors Holdings Limited is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Michael Kors Holdings Limited.

What guidance has Michael Kors Holdings Limited issued on next quarter's earnings?

Michael Kors Holdings Limited issued an update on its FY18 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $3.62-3.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.54. The company issued revenue guidance of $4.275 billion, compared to the consensus revenue estimate of $4.19 billion.Michael Kors Holdings Limited also updated its Q2 guidance to $0.80-0.84 EPS.

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

27 analysts have issued 12 month price targets for Michael Kors Holdings Limited's stock. Their forecasts range from $26.00 to $60.00. On average, they expect Michael Kors Holdings Limited's stock price to reach $44.92 in the next year. View Analyst Ratings for Michael Kors Holdings Limited.

What are analysts saying about Michael Kors Holdings Limited stock?

Here are some recent quotes from research analysts about Michael Kors Holdings Limited 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 and upbeat fiscal 2018 guidance. After reporting both top and bottom-line beat in first-quarter fiscal 2018, the company now envisions total revenues for fiscal 2018 to be nearly $4.275 billion, up from the previous estimate of about $4.25 billion. 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, open new stores, build shop-in-shops and upgrade eCommerce platform. We note that despite the possibility of heavy investments weighing on margins in the short term, management continues to take up strategic endeavors. However, stiff competition, falling comps, aggressive promotional environment and waning mall traffic are making things tough for Michael Kors." (10/17/2017)
  • 2. 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 Holdings Limited's key competitors?

Who are Michael Kors Holdings Limited's key executives?

Michael Kors Holdings Limited's management team includes the folowing people:

  • John D. Idol, Chairman of the Board, Chief Executive Officer
  • Michael David Kors, Honorary Chairman, Chief Creative Officer
  • Thomas J. Edwards Jr., Chief Financial Officer, Chief Operating Officer, Executive Vice President, Treasurer
  • Pascale Meyran, Chief Human Resource Officer, Senior Vice President
  • Krista Ann McDonough, Senior Vice President, General Counsel
  • Cathy Marie Robinson, Senior Vice President - Corporate Strategy, Chief Operations Officer
  • M. William Benedetto, Lead Independent Director
  • Robin Anthony David Freestone, Independent Director
  • Judy Gibbons, Independent Director
  • Ann McLaughlin Korologos, Independent Director

Who owns Michael Kors Holdings Limited stock?

Michael Kors Holdings Limited's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (2.94%), Robeco Institutional Asset Management B.V. (0.36%), PGGM Investments (0.14%), Nationwide Fund Advisors (0.08%), Meeder Asset Management Inc. (0.03%) and State Treasurer State of Michigan (0.03%). Company insiders that own Michael Kors Holdings Limited stock include Cathy Marie Robinson, Jean Tomlin, Krista A Mcdonough and Lee S Sporn. View Institutional Ownership Trends for Michael Kors Holdings Limited.

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 PGGM Investments, Nationwide Fund Advisors, Exane Derivatives, State Treasurer State of Michigan and Meeder Asset Management Inc.. View Insider Buying and Selling for Michael Kors Holdings Limited.

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 Robeco Institutional Asset Management B.V., APG Asset Management N.V., Shell Asset Management Co., Assenagon Asset Management S.A., Fulton Bank N.A., Ingalls & Snyder LLC and Balasa Dinverno & Foltz LLC. View Insider Buying and Selling for Michael Kors Holdings Limited.

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.

What is Michael Kors Holdings Limited's stock price today?

One share of Michael Kors Holdings Limited stock can currently be purchased for approximately $49.44.


MarketBeat Community Rating for Michael Kors Holdings Limited (NYSE KORS)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  674 (Vote Outperform)
Underperform Votes:  777 (Vote Underperform)
Total Votes:  1,451
MarketBeat's community ratings are surveys of what our community members think about Michael Kors Holdings Limited 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.

Analyst Ratings

Consensus Ratings for Michael Kors Holdings Limited (NYSE:KORS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 17 Hold Ratings, 7 Buy Ratings
Consensus Rating:Hold (Score: 2.15)
Consensus Price Target: $44.92 (9.14% downside)
Consensus Price Target History for Michael Kors Holdings Limited (NYSE:KORS)
Price Target History for Michael Kors Holdings Limited (NYSE:KORS)
Analysts' Ratings History for Michael Kors Holdings Limited (NYSE:KORS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017William BlairReiterated RatingBuyN/AView Rating Details
10/11/2017Oppenheimer Holdings, Inc.Set Price TargetBuy$55.00N/AView Rating Details
10/6/2017Buckingham ResearchSet Price TargetHold$46.00 -> $52.00N/AView Rating Details
10/1/2017Robert W. BairdSet Price TargetHold$46.00LowView Rating Details
9/27/2017Canaccord GenuityUpgradeHold -> Buy$43.00 -> $58.00LowView Rating Details
9/26/2017Wells Fargo & CompanyReiterated RatingHold$49.00LowView Rating Details
9/19/2017Barclays PLCInitiated CoverageEqual Weight -> Equal Weight$44.00LowView Rating Details
9/19/2017CIBCUpgradeMarket Perform -> Outperform$44.00 -> $55.00LowView Rating Details
9/14/2017Jefferies Group LLCReiterated RatingBuy$60.00LowView Rating Details
9/12/2017Sanford C. BernsteinInitiated CoverageUnderperform -> Underperform$37.00LowView Rating Details
9/10/2017Credit Suisse GroupReiterated RatingHold$43.00MediumView Rating Details
8/10/2017Deutsche Bank AGSet Price TargetHold$36.00 -> $46.00LowView Rating Details
8/9/2017MKM PartnersReiterated RatingSellLowView Rating Details
8/10/2017Cowen and CompanyReiterated RatingMarket Perform$35.00 -> $45.00MediumView Rating Details
8/9/2017BMO Capital MarketsReiterated RatingMarket Perform$35.00 -> $46.00LowView Rating Details
8/9/2017NomuraBoost Price TargetBuy$41.00 -> $51.00MediumView Rating Details
8/9/2017Telsey Advisory GroupBoost Price TargetMarket Perform$38.00 -> $49.00MediumView Rating Details
8/8/2017Piper Jaffray CompaniesSet Price TargetHold$46.00LowView Rating Details
7/6/2017Royal Bank Of CanadaReiterated RatingHold$36.00HighView Rating Details
6/1/2017Goldman Sachs Group, Inc. (The)Reiterated RatingSell$44.00 -> $35.00LowView Rating Details
6/1/2017Morgan StanleyReiterated RatingEqual Weight$43.00 -> $36.00LowView Rating Details
3/21/2017WedbushReiterated RatingNeutral$36.00LowView Rating Details
2/9/2017InstinetReiterated RatingBuy$55.00 -> $46.00N/AView Rating Details
2/8/2017Bank of America CorporationLower Price TargetNeutral$54.00 -> $44.00N/AView Rating Details
2/7/2017MizuhoLower Price TargetNeutral$50.00 -> $38.00N/AView Rating Details
2/1/2017Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
11/11/2016J P Morgan Chase & CoReiterated RatingHold$44.00N/AView Rating Details
9/30/2016GuggenheimInitiated CoverageNeutralN/AView Rating Details
8/13/2016Citigroup Inc.Reiterated RatingNeutral$51.00N/AView Rating Details
5/17/2016BB&T CorporationReiterated RatingBuy$58.00N/AView Rating Details
4/11/2016StephensReiterated RatingHoldN/AView Rating Details
3/9/2016Jyske BankInitiated CoverageBuy$65.00N/AView Rating Details
2/2/2016Standpoint ResearchDowngradeBuy -> HoldN/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Michael Kors Holdings Limited (NYSE:KORS)
Earnings by Quarter for Michael Kors Holdings Limited (NYSE:KORS)
Earnings History by Quarter for Michael Kors Holdings Limited (NYSE KORS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.83N/AView Earnings Details
8/8/2017Q1 2018$0.62$0.80$919.18 million$952.40 millionViewListenView Earnings Details
5/31/20173/31/2017$0.70$0.73$1.05 billion$1.06 billionViewN/AView Earnings Details
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$0.90$0.90$1.08 billion$1.10 billionViewListenView Earnings Details
2/5/2015Q315$1.34$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)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
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 and Institutional Ownership History for Michael Kors Holdings Limited (NYSE:KORS)
Insider Ownership Percentage: 6.00%
Institutional Ownership Percentage: 84.33%
Insider Trades by Quarter for Michael Kors Holdings Limited (NYSE:KORS)
Institutional Ownership by Quarter for Michael Kors Holdings Limited (NYSE:KORS)
Insider Trades by Quarter for Michael Kors Holdings Limited (NYSE:KORS)
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

Headline Trends for Michael Kors Holdings Limited (NYSE:KORS)
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Chart

Michael Kors Holdings Limited (KORS) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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