NYSE:KORS - Michael Kors Stock Price, News, & Analysis

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$44.49 -0.40 (-0.89 %)
(As of 02/17/2019 01:15 PM ET)
Previous Close$44.49
Today's Range$44.46 - $45.72
52-Week Range$35.68 - $75.96
Volume2.24 million shs
Average Volume3.11 million shs
Market Capitalization$6.68 billion
P/E Ratio9.84
Dividend YieldN/A
Beta0.49
Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear. It operates collection stores and lifestyle stores, including concessions and outlets. As of March 31, 2018, this segment operated 379 Michael Kors retail stores, including concessions in the United States and Canada (North America), and Latin America (the Americas); and 450 international retail stores, including concessions in Europe and Asia, as well as e-commerce sites in North America, Canada, Europe, China, Japan, and South Korea. The MK Wholesale segment sells handbags and small leather goods; footwear; and women's and men's apparel to department stores and specialty shops in the Americas, Europe, and Asia. The MK Licensing segment licenses its trademarks to third parties to operate retail stores and/or sell the its products in Brazil, the Middle East, South Africa, Eastern Europe, Asia, and Australia. The Jimmy Choo segment sells luxury footwear, handbags, and small leather goods through directly operated Jimmy Choo stores in North America; Europe, the Middle East, and Africa; and Asia, as well as through Jimmy Choo e-commerce sites. It is also involved in the wholesale distribution activities to partners, multi-brand department stores, and specialty stores worldwide; and licensing agreements related to the manufacture and sale of fragrance, sunglasses, and eyewear. As of March 31, 2018, this segment operated 629 wholesale doors. The company sells its products under the names of MICHAEL KORS, MICHAEL MICHAEL KORS, JIMMY CHOO, and various other trademarks and logos. Michael Kors Holdings Limited was founded in 1981 and is based in London, the United Kingdom.

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Industry, Sector and Symbol

Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorConsumer Discretionary
CUSIPG6075410
Phone44-20-7632-8600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.72 billion
Cash Flow$7.0174 per share
Book Value$13.28 per share

Profitability

Net Income$591.90 million

Miscellaneous

Employees14,846
Market Cap$6.68 billion
OptionableOptionable

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 approved a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 18.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

How were Michael Kors' earnings last quarter?

Michael Kors Holdings Ltd (NYSE:KORS) issued its earnings results on Wednesday, August, 8th. The lifestyle brand reported $1.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.95 by $0.37. The lifestyle brand had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.14 billion. Michael Kors had a net margin of 11.57% and a return on equity of 36.66%. The business's revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. View Michael Kors' Earnings History.

What price target have analysts set for KORS?

26 equities research analysts have issued 1 year price targets for Michael Kors' stock. Their forecasts range from $45.00 to $90.00. On average, they anticipate Michael Kors' share price to reach $71.00 in the next twelve months. This suggests a possible upside of 59.6% from the stock's current price. View Analyst Price Targets for Michael Kors.

What is the consensus analysts' recommendation for Michael Kors?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michael Kors in the last year. There are currently 14 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 surged in a year. The company has been constantly deploying resources to expand product offerings, build “shop-in-shops”, and upgrade distribution infrastructure. This along with the “Runway 2020” plan, cost containment efforts, inventory management, focus on e-commerce platform and accretive buyouts bode well. The strategic acquisitions such as that of Jimmy Choo and Versace strengthens Michael Kors’ ambition to become a global luxury player. Management stated that the addition of Versace will help augment group’s revenues to $8 billion in the long term. However, the buyout is likely to dilute earnings per share in the high-single digits in fiscal 2020 but is expected to be accretive in the low-single digits in fiscal 2021 and again in high-single digits in fiscal 2022. Upon the completion of the buyout, Michael Kors will be renamed as Capri Holdings Limited." (10/26/2018)
  • 2. Guggenheim analysts commented, "We continue to expect flat comp sales for the MK brand in FY19, including a LSD decline in 2Q19. MK Wholesale revenue increased 19.5% to $362.8mn (vs. our $329mn est; +18% in CC). The company noted department store product is performing well in the Americas, and overall, the result was aided by shipment timing. Europe remains under pressure due to the company’s ongoing activity to preserve long-term brand health and support full-price selling through the reduction in inventory and promo activity. We expect these efforts to continue further in FY19, driving further wholesale declines, with Europe in the earlier innings of the process of resetting its wholesale base. MK Licensing revenue decreased 5% to $27.5mn." (8/8/2018)

Has Michael Kors been receiving favorable news coverage?

Press coverage about KORS stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Michael Kors earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave media coverage about the lifestyle brand a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Michael Kors' key competitors?

Who are Michael Kors' key executives?

Michael Kors' management team includes the folowing people:
  • Mr. John D. Idol, Chairman & CEO (Age 59)
  • Mr. Michael David Kors, Honorary Chairman, Chief Creative Officer & Director (Age 59)
  • Mr. Thomas J. Edwards Jr., Exec. VP, CFO, COO & Treasurer (Age 54)
  • Ms. Cathy Marie Robinson, COO & Sr. VP of Corp. Strategy (Age 50)
  • Ms. Pascale Meyran, Sr. VP & Chief HR Officer (Age 58)

Who are Michael Kors' major shareholders?

Michael Kors' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.89%), Oregon Public Employees Retirement Fund (2.18%), Bank of New York Mellon Corp (1.26%), Millennium Management LLC (1.03%), Dimensional Fund Advisors LP (0.98%) and Northern Trust Corp (0.88%). Company insiders that own Michael Kors stock include Cathy Marie Robinson, John D Idol, Krista A Mcdonough, M William Benedetto, Michael David Kors, Pascale Meyran and Stephen F Reitman. View Institutional Ownership Trends for Michael Kors.

Which institutional investors are selling Michael Kors stock?

KORS stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Northern Trust Corp, Samlyn Capital LLC, Shellback Capital LP, Gateway Investment Advisers LLC, James Investment Research Inc. and Stone Ridge Asset Management LLC. Company insiders that have sold Michael Kors company stock in the last year include Cathy Marie Robinson, John D Idol, Krista A Mcdonough and Michael David Kors. View Insider Buying and Selling for Michael Kors.

Which institutional investors are buying Michael Kors stock?

KORS stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Ardevora Asset Management LLP, Two Sigma Advisers LP, State of New Jersey Common Pension Fund D, Unigestion Holding SA, HAP Trading LLC, ClariVest Asset Management LLC and Tyvor Capital LLC. View Insider Buying and Selling for Michael Kors.

How do I buy shares of Michael Kors?

Shares of 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 KORS stock can currently be purchased for approximately $44.49.

How big of a company is Michael Kors?

Michael Kors has a market capitalization of $6.68 billion and generates $4.72 billion in revenue each year. The lifestyle brand earns $591.90 million in net income (profit) each year or $4.52 on an earnings per share basis. Michael Kors employs 14,846 workers across the globe.

What is Michael Kors' official website?

The official website for Michael Kors is http://www.michaelkors.com.

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 (NYSE KORS)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  966 (Vote Outperform)
Underperform Votes:  966 (Vote Underperform)
Total Votes:  1,932
MarketBeat's community ratings are surveys of what our community members think about Michael Kors and other stocks. Vote "Outperform" if you believe KORS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KORS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/17/2019 by MarketBeat.com Staff

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