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

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$66.55 +0.11 (+0.17 %)
(As of 07/16/2018 08:44 AM ET)
Previous Close$66.44
Today's Range$66.05 - $67.2452
52-Week Range$33.30 - $70.00
Volume1.90 million shs
Average Volume2.11 million shs
Market Capitalization$9.98 billion
P/E Ratio14.72
Dividend YieldN/A
Beta0.06
Michael Kors logoMichael 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

Stock Exchange NYSE
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 Ratio14.72
Forward P/E Ratio13.95
P/E Growth2.16

Sales & Book Value

Annual Sales$4.72 billion
Price / Sales2.12
Cash Flow$5.9793 per share
Price / Cash11.13
Book Value$13.28 per share
Price / Book5.01

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
Market Cap$9,984.56

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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 has approved a share buyback program on Sunday, June 4th 2017, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 18.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

How were Michael Kors' earnings last quarter?

Michael Kors Holdings Ltd (NYSE:KORS) issued its quarterly earnings data on Wednesday, May, 30th. The lifestyle brand reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. The lifestyle brand had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Michael Kors had a net margin of 12.54% and a return on equity of 37.39%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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, 7th 2018. View Earnings Estimates for Michael Kors.

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

Michael Kors issued an update on 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?

31 Wall Street analysts have issued 1-year 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 $69.4138 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price. View Analyst Ratings for Michael Kors.

What is the consensus analysts' recommendation for Michael Kors?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michael Kors in the last year. There are currently 1 sell rating, 15 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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)

Are investors shorting Michael Kors?

Michael Kors saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 9,951,861 shares, an increase of 109.2% from the May 31st total of 4,757,901 shares. Based on an average daily trading volume, of 3,817,549 shares, the short-interest ratio is currently 2.6 days. Approximately 6.8% of the company's stock are sold short. View Michael Kors' Current Options Chain.

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, Sr. VP & Chief HR Officer (Age 58)
  • Mr. Don Witkowski, Pres

Has Michael Kors been receiving favorable news coverage?

News headlines about KORS stock have trended positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michael Kors earned a media sentiment score of 0.43 on Accern's scale. They also gave media coverage about the lifestyle brand an impact score of 45.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Michael Kors' major shareholders?

Michael Kors' stock is owned by many different of institutional and retail investors. Top institutional investors include Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), Xact Kapitalforvaltning AB (0.02%), NN Investment Partners Holdings N.V. (0.02%), State of Alaska Department of Revenue (0.02%), Empowered Funds LLC (0.02%) and DnB Asset Management AS (0.01%). 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 major investors are selling Michael Kors stock?

KORS stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC and Xact Kapitalforvaltning AB. 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 major investors are buying Michael Kors stock?

KORS stock was acquired by a variety of institutional investors in the last quarter, including Empowered Funds LLC, NN Investment Partners Holdings N.V., Legacy Private Trust Co., Atria Investments LLC, State of Alaska Department of Revenue, IFM Investors Pty Ltd, DnB Asset Management AS and Fulton Bank N.A.. 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 $66.55.

How big of a company is Michael Kors?

Michael Kors has a market capitalization of $9.98 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 (NYSE KORS)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  842 (Vote Outperform)
Underperform Votes:  904 (Vote Underperform)
Total Votes:  1,746
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 7/16/2018 by MarketBeat.com Staff

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