About Michael Kors Holdings Limited (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:
- Sector: Consumer Discretionary
- Industry: Apparel & Accessories Retailers
- Sub-Industry: Apparel Accessories & Luxury Goods
- Symbol: NYSE:KORS
- CUSIP: G6075410
- Web: www.michaelkors.com
- Market Cap: $7.57 billion
- Outstanding Shares: 151,509,000
- 50 Day Moving Avg: $46.21
- 200 Day Moving Avg: $39.50
- 52 Week Range: $32.38 - $52.67
Sales & Book Value:
- Trailing P/E Ratio: 15.32
- Foreward P/E Ratio: 13.18
- P/E Growth: -6.09
- Annual Revenue: $4.46 billion
- Price / Sales: 1.70
- Book Value: $10.43 per share
- Price / Book: 4.79
- EBITDA: $1.07 billion
- Net Margins: 11.91%
- Return on Equity: 40.26%
- Return on Assets: 26.12%
- Current Ratio: 2.04%
- Quick Ratio: 0.98%
- Average Volume: 2.29 million shs.
- Beta: 0.03
- 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 announced that its board has initiated a share buyback plan on Sunday, June 4th 2017, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 18.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
How were Michael Kors Holdings Limited's earnings last quarter?
Michael Kors Holdings Limited (NYSE:KORS) announced its quarterly earnings data on Tuesday, August, 8th. The company reported $0.80 EPS for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.18. The business 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%. Michael Kors Holdings Limited's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. View Michael Kors Holdings Limited's Earnings History.
When will Michael Kors Holdings Limited make its next earnings announcement?
What guidance has Michael Kors Holdings Limited issued on next quarter's earnings?
Michael Kors Holdings Limited updated its FY18 earnings guidance on Tuesday, August, 8th. The company provided EPS 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 brokers have issued 12-month price objectives for Michael Kors Holdings Limited's shares. Their predictions 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 twelve months. 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?
Some companies that are related to Michael Kors Holdings Limited include L Brands (LB), Gap, Inc. (The) (GPS), Burberry Group plc (BRBY), ASOS plc (ASC), Carter's (CRI), Foot Locker (FL), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Guess? (GES), Ted Baker plc (TED), Abercrombie & Fitch Company (ANF), N Brown Group plc (BWNG), Buckle, Inc. (The) (BKE), Express (EXPR), Genesco (GCO), Lands' End (LE), Ascena Retail Group (ASNA) and Tilly's (TLYS).
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 many different of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (2.94%), Robeco Institutional Asset Management B.V. (0.36%), PGGM Investments (0.14%), Meeder Asset Management Inc. (0.03%), State Treasurer State of Michigan (0.03%) and Shell Asset Management Co. (0.02%). 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?
Who bought Michael Kors Holdings Limited stock? Who is buying Michael Kors Holdings Limited stock?
Michael Kors Holdings Limited's stock was acquired 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?
MarketBeat Community Rating for Michael Kors Holdings Limited (NYSE KORS)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.
One share of Michael Kors Holdings Limited stock can currently be purchased for approximately $49.95.
Consensus Ratings for Michael Kors Holdings Limited (NYSE:KORS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||3 Sell Ratings, 17 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.15)|
|Consensus Price Target: ||$44.92 (10.07% downside)|Consensus Price Target History for Michael Kors Holdings Limited (NYSE:KORS)
Analysts' Ratings History for Michael Kors Holdings Limited (NYSE:KORS)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||William Blair||Reiterated Rating||Buy||N/A|
|10/11/2017||Oppenheimer Holdings, Inc.||Set Price Target||Buy||$55.00||N/A|
|10/6/2017||Buckingham Research||Set Price Target||Hold||$46.00 -> $52.00||N/A|
|10/1/2017||Robert W. Baird||Set Price Target||Hold||$46.00||Low|
|9/27/2017||Canaccord Genuity||Upgrade||Hold -> Buy||$43.00 -> $58.00||Low|
|9/26/2017||Wells Fargo & Company||Reiterated Rating||Hold||$49.00||Low|
|9/19/2017||Barclays PLC||Initiated Coverage||Equal Weight -> Equal Weight||$44.00||Low|
|9/19/2017||CIBC||Upgrade||Market Perform -> Outperform||$44.00 -> $55.00||Low|
|9/14/2017||Jefferies Group LLC||Reiterated Rating||Buy||$60.00||Low|
|9/12/2017||Sanford C. Bernstein||Initiated Coverage||Underperform -> Underperform||$37.00||Low|
|9/10/2017||Credit Suisse Group||Reiterated Rating||Hold||$43.00||Medium|
|8/10/2017||Deutsche Bank AG||Set Price Target||Hold||$36.00 -> $46.00||Low|
|8/9/2017||MKM Partners||Reiterated Rating||Sell||Low|
|8/10/2017||Cowen and Company||Reiterated Rating||Market Perform||$35.00 -> $45.00||Medium|
|8/9/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$35.00 -> $46.00||Low|
|8/9/2017||Nomura||Boost Price Target||Buy||$41.00 -> $51.00||Medium|
|8/9/2017||Telsey Advisory Group||Boost Price Target||Market Perform||$38.00 -> $49.00||Medium|
|8/8/2017||Piper Jaffray Companies||Set Price Target||Hold||$46.00||Low|
|7/6/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$36.00||High|
|6/1/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Sell||$44.00 -> $35.00||Low|
|6/1/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$43.00 -> $36.00||Low|
|2/9/2017||Instinet||Reiterated Rating||Buy||$55.00 -> $46.00||N/A|
|2/8/2017||Bank of America Corporation||Lower Price Target||Neutral||$54.00 -> $44.00||N/A|
|2/7/2017||Mizuho||Lower Price Target||Neutral||$50.00 -> $38.00||N/A|
|2/1/2017||Evercore ISI||Downgrade||Buy -> Hold||N/A|
|11/11/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||$44.00||N/A|
|8/13/2016||Citigroup Inc.||Reiterated Rating||Neutral||$51.00||N/A|
|5/17/2016||BB&T Corporation||Reiterated Rating||Buy||$58.00||N/A|
|3/9/2016||Jyske Bank||Initiated Coverage||Buy||$65.00||N/A|
|2/2/2016||Standpoint Research||Downgrade||Buy -> Hold||N/A|
Earnings History for Michael Kors Holdings Limited (NYSE:KORS)Earnings History by Quarter for Michael Kors Holdings Limited (NYSE KORS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
Earnings Estimates for Michael Kors Holdings Limited (NYSE:KORS)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Michael Kors Holdings Limited (NYSE:KORS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Michael Kors Holdings Limited (NYSE:KORS)
Insider Ownership Percentage: 6.00%Insider Trades by Quarter for Michael Kors Holdings Limited (NYSE:KORS)
Institutional Ownership Percentage: 83.36%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Headline Trends for Michael Kors Holdings Limited (NYSE:KORS)
Latest Headlines for Michael Kors Holdings Limited (NYSE:KORS)
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Michael Kors Holdings Limited (KORS) Chart for Sunday, October, 22, 2017