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

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$37.94 +0.45 (+1.20 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$37.49
Today's Range$36.72 - $38.46
52-Week Range$36.72 - $75.96
Volume4.48 million shs
Average Volume2.58 million shs
Market Capitalization$5.83 billion
P/E Ratio8.39
Dividend YieldN/A
Beta0.32
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

Stock Exchange NYSE
Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorConsumer Discretionary
Current SymbolNYSE:KORS
Previous Symbol
CUSIPG6075410
Phone44-20-7632-8600

Debt

Debt-to-Equity Ratio0.23
Current Ratio1.48
Quick Ratio0.71

Price-To-Earnings

Trailing P/E Ratio8.39
Forward P/E Ratio7.56
P/E Growth1.24

Sales & Book Value

Annual Sales$4.72 billion
Price / Sales1.21
Cash Flow$5.8459 per share
Price / Cash Flow6.49
Book Value$13.28 per share
Price / Book2.86

Profitability

EPS (Most Recent Fiscal Year)$4.52
Net Income$591.90 million
Net Margins11.57%
Return on Equity36.66%
Return on Assets18.68%

Miscellaneous

Employees14,846
Outstanding Shares150,230,000
Market Cap$5.83 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 of Directors has approved a share repurchase 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 purchase up to 18.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

How were Michael Kors' earnings last quarter?

Michael Kors Holdings Ltd (NYSE:KORS) announced its quarterly earnings results on Wednesday, November, 7th. The lifestyle brand reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.09 by $0.18. The lifestyle brand had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Michael Kors had a net margin of 11.57% and a return on equity of 36.66%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 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 Wednesday, February 6th 2019. 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, November, 7th. The company provided EPS guidance of $4.95-5.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.02. The company issued revenue guidance of ~$5.125 billion, compared to the consensus revenue estimate of $5.14 billion.Michael Kors also updated its Q3 guidance to $1.52-1.57 EPS.

What price target have analysts set for KORS?

32 Wall Street analysts have issued 12-month target prices for Michael Kors' shares. Their predictions range from $52.00 to $93.00. On average, they anticipate Michael Kors' stock price to reach $72.9259 in the next year. This suggests a possible upside of 92.2% from the stock's current price. View Analyst Price Targets for Michael Kors.

What is the consensus analysts' recommendation for Michael Kors?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michael Kors in the last year. There are currently 18 hold ratings and 14 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?

News headlines about KORS stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Michael Kors earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the lifestyle brand a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.

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 number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (9.95%), BlackRock Inc. (8.41%), AQR Capital Management LLC (6.09%), FMR LLC (3.60%), Bank of New York Mellon Corp (1.69%) and Janus Henderson Group PLC (1.42%). 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 major investors are selling Michael Kors stock?

KORS stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Acadian Asset Management LLC, Bank of Montreal Can, Schroder Investment Management Group, Canada Pension Plan Investment Board, Korea Investment CORP, Mitsubishi UFJ Trust & Banking Corp and Alliancebernstein L.P.. 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 and Stephen F Reitman. View Insider Buying and Selling for Michael Kors.

Which major investors are buying Michael Kors stock?

KORS stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, BlackRock Inc., FMR LLC, Bridgeway Capital Management Inc., Morgan Stanley, TIAA CREF Investment Management LLC, Janus Henderson Group PLC and Bank of New York Mellon Corp. 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 $37.94.

How big of a company is Michael Kors?

Michael Kors has a market capitalization of $5.83 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:  959 (Vote Outperform)
Underperform Votes:  959 (Vote Underperform)
Total Votes:  1,918
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 12/14/2018 by MarketBeat.com Staff

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