NYSE:KORS - Michael Kors Stock Price, Price Target & More

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$66.63 -0.64 (-0.95 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$66.63
Today's Range$66.53 - $67.50
52-Week Range$32.81 - $70.00
Volume2.84 million shs
Average Volume4.29 million shs
Market Capitalization$10.09 billion
P/E Ratio14.74
Dividend YieldN/A
Beta0.08
Michael Kors logoMichael Kors Holdings Limited design, markets, distributes, and retails branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women's apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear. It operates collection stores and lifestyle stores, including concessions and outlet stores. As of April 1, 2017, this segment operated 398 retail stores in the United States, Canada, and Latin America, including concessions; and 429 international retail stores, including concessions in Europe and Asia, as well as e-commerce sites in the United States, Canada, France, Germany, Italy, Spain, Switzerland, the United Kingdom, China, and Japan. The Wholesale segment sells accessories, such as handbags and small leather goods, footwear, and women's and men's apparel to department stores and specialty shops in the United States, Canada, Latin America, Europe, and Asia. The Licensing segment licenses its trademarks on products, such as fragrances, beauty, eyewear, belts, cold weather accessories, jewelry, watches, coats, men's suits, swimwear, socks, furs, and ties, as well as licenses rights to third parties to sell the company's products in various geographical regions, such as Brazil, the Middle East, Eastern Europe, Asia, and Australia. The company sells its products under the names of MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related 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
SymbolNYSE:KORS
CUSIPG6075410
Phone44-20-7632-8600

Debt

Debt-to-Equity Ratio0.33
Current Ratio1.31
Quick Ratio0.63

Price-To-Earnings

Trailing P/E Ratio14.74
Forward P/E Ratio14.00
P/E Growth2.18

Sales & Book Value

Annual Sales$4.72 billion
Price / Sales2.12
Cash Flow$5.9227 per share
Price / Cash11.25
Book Value$13.28 per share
Price / Book5.02

Profitability

EPS (Most Recent Fiscal Year)$4.52
Net Income$591.90 million
Net Margins12.54%
Return on Equity37.39%
Return on Assets21.18%

Miscellaneous

Employees14,846
Outstanding Shares150,030,000

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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 of Directors has initiated a share buyback program on Sunday, June 4th 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding 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 programs are typically a sign that the company's board believes its stock is undervalued.

How were Michael Kors' earnings last quarter?

Michael Kors Holdings Ltd (NYSE:KORS) issued its earnings results on Wednesday, May, 30th. The lifestyle brand reported $0.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.03. The lifestyle brand earned $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Michael Kors had a return on equity of 37.39% and a net margin of 12.54%. The company's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. View Michael Kors' Earnings History.

When is Michael Kors' next earnings date?

Michael Kors is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Michael Kors.

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

Michael Kors updated its FY19 earnings guidance on Wednesday, May, 30th. The company provided EPS guidance of $4.65-4.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.74. The company issued revenue guidance of $5.10 billion, compared to the consensus revenue estimate of $5.01 billion.Michael Kors also updated its Q1 guidance to $0.90-0.95 EPS.

What price target have analysts set for KORS?

30 analysts have issued twelve-month price targets for Michael Kors' shares. Their forecasts range from $26.00 to $90.00. On average, they expect Michael Kors' share price to reach $68.6786 in the next twelve months. 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, "Michael Kors posted earnings beat for the 12th quarter in row, when it reported fourth-quarter fiscal 2018 results. Revenues also came ahead of the consensus estimate for the fifth straight quarter. However, year-over-year decline in the bottom line hurt investor sentiment that led the stock to decline and underperform the industry in the past three months. Moreover, fiscal 2019 earnings per share projection came below analysts’ expectations. We note that acquisition of Jimmy Choo did contribute to top-line growth, which otherwise showed a meagre increase. Moreover, wholesale and licensing channels showcased soft performance. Nevertheless, Michael Kors has been constantly deploying resources to expand product offerings, opening new stores and upgrading e-commerce platform. The company’s project Runway 2020 strategic plan, which focuses on product innovation, brand engagement and customer experience, is progressing well." (6/1/2018)
  • 2. Piper Jaffray Companies analysts commented, "ADUS reported Q3:17 adj. EPS of $0.42 (GAAP: $0.29) compared to OPCO/ Street of $0.42/$0.41E. Adjusted results exclude $0.04 of M&A expenses, $0.04 of restructuring charges, $0.01 of severance/other costs and $0.04 of stock-based comp. The solid quarter reflects two months of Options Home Care (Annualized:$20M in revs, ~$3M in EBITDA), and the related leverage in the model. Cash flow was also strong, reflecting collections in Illinois following this summer’s budget. Following the quarter, we are tweaking our FY2017/2018 EPS estimates to $1.58/$1.89 from $1.61/ $1.91 and maintaining our $45 price target." (11/6/2017)

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 (Age 59)
  • Ms. Cathy Marie Robinson, COO & Sr. VP of Corp. Strategy (Age 50)
  • Ms. Pascale Meyran, Chief HR Officer & Sr. VP (Age 58)
  • Mr. Don Witkowski, Pres

Has Michael Kors been receiving favorable news coverage?

Press coverage about KORS stock has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Michael Kors earned a daily sentiment score of 0.14 on Accern's scale. They also gave media coverage about the lifestyle brand an impact score of 44.89 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are Michael Kors' major shareholders?

Michael Kors' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.01%), Northern Trust Corp (1.34%), American Century Companies Inc. (0.89%), JPMorgan Chase & Co. (0.89%), Dimensional Fund Advisors LP (0.82%) and Robeco Institutional Asset Management B.V. (0.78%). Company insiders that own Michael Kors stock include Cathy Marie Robinson, John D Idol, Krista A Mcdonough, Lee S Sporn, 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 Flossbach Von Storch AG, Schroder Investment Management Group, Amundi Pioneer Asset Management Inc., State of Tennessee Treasury Department, Russell Investments Group Ltd., Korea Investment CORP, Swiss National Bank and Legal & General Group Plc. Company insiders that have sold Michael Kors company stock in the last year include Cathy Marie Robinson, John D Idol, Krista A Mcdonough, M William Benedetto, Michael David Kors, Pascale Meyran and Stephen F Reitman. View Insider Buying and Selling for Michael Kors.

Which institutional investors are buying Michael Kors stock?

KORS stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Robeco Institutional Asset Management B.V., JPMorgan Chase & Co., Interval Partners LP, Teacher Retirement System of Texas, Systematic Financial Management LP, LSV Asset Management and Schwab Charles Investment Management Inc.. 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 $66.63.

How big of a company is Michael Kors?

Michael Kors has a market capitalization of $10.09 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.

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 (KORS)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  820 (Vote Outperform)
Underperform Votes:  895 (Vote Underperform)
Total Votes:  1,715
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 6/23/2018 by MarketBeat.com Staff

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