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

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$58.23 +0.17 (+0.29 %)
(As of 10/23/2018 07:50 AM ET)
Previous Close$58.06
Today's Range$57.50 - $58.76
52-Week Range$47.49 - $75.96
Volume2.79 million shs
Average Volume2.60 million shs
Market Capitalization$8.67 billion
P/E Ratio12.88
Dividend YieldN/A
Beta0.12
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
SymbolNYSE:KORS
CUSIPG6075410
Phone44-20-7632-8600

Debt

Debt-to-Equity Ratio0.27
Current Ratio1.37
Quick Ratio0.63

Price-To-Earnings

Trailing P/E Ratio12.88
Forward P/E Ratio11.60
P/E Growth1.83

Sales & Book Value

Annual Sales$4.72 billion
Price / Sales1.84
Cash Flow$5.9969 per share
Price / Cash9.71
Book Value$13.28 per share
Price / Book4.38

Profitability

EPS (Most Recent Fiscal Year)$4.52
Net Income$591.90 million
Net Margins13.14%
Return on Equity39.01%
Return on Assets20.99%

Miscellaneous

Employees14,846
Outstanding Shares149,320,000
Market Cap$8.67 billion

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

How were Michael Kors' earnings last quarter?

Michael Kors Holdings Ltd (NYSE:KORS) posted its quarterly earnings data 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 analyst estimates of $1.14 billion. Michael Kors had a net margin of 13.14% and a return on equity of 39.01%. The company's quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. 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, November 7th 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, August, 8th. The company provided earnings per share guidance of $4.90-5.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.77. The company issued revenue guidance of $5.125 billion, compared to the consensus revenue estimate of $5.09 billion.Michael Kors also updated its Q2 guidance to $1.03-1.05 EPS.

What price target have analysts set for KORS?

29 Wall Street analysts have issued 12 month price targets for Michael Kors' stock. Their predictions range from $61.00 to $93.00. On average, they anticipate Michael Kors' share price to reach $75.50 in the next year. This suggests a possible upside of 29.7% from the stock's current price. View Analyst Price Targets for Michael Kors.

What is the consensus analysts' recommendation for Michael Kors?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Michael Kors in the last year. There are currently 15 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, "In the past three months, shares of Michael Kors has not only declined but also underperformed the industry. We note that the company is witnessing soft Wholesale & Licensing Revenue for a while now. This is likely to likely to persist throughout fiscal 2019. Also, its efforts to heavily invest in new store openings, expanding the existing outlets, expansion of international operations, digital flagships and global infrastructure is weighing on operating margins. Moreover, management’s bottom line projection for second quarter fiscal 2019 came below analyst expectations. Nevertheless, 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 and focus on e-commerce platform bode well." (10/16/2018)
  • 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)
  • 3. Canaccord Genuity analysts commented, "KORS reported much stronger than expected FQ1 results with adj. EPS of $1.32 trouncing our/consensus 93c/95c estimates. The beat was broad based with revenue (+7c), gross margin (+19c), SG&A (+10c), and tax (+5c) all contributing to the beat. Total comp growth was flat in Q1 (in line with our est. and guidance) but importantly were positive in NA and Asia, offset by expected weakness in Europe, consistent with our expectations." (8/8/2018)

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 Bank of Montreal Can (0.25%), Aperio Group LLC (0.16%), Gateway Investment Advisers LLC (0.15%), State of New Jersey Common Pension Fund D (0.10%), Andra AP fonden (0.06%) and Nelson Roberts Investment Advisors LLC (0.05%). 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 Bank of Montreal Can, Legacy Private Trust Co., Andra AP fonden, Texas Permanent School Fund, Denali Advisors LLC, Xact Kapitalforvaltning AB, State of Alaska Department of Revenue and Aperio Group LLC. 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 acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Calamos Advisors LLC, Fox Run Management L.L.C., Cookson Peirce & Co. Inc., Oakbrook Investments LLC, Atria Investments LLC, New Jersey Better Educational Savings Trust and Zweig DiMenna Associates 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 $58.23.

How big of a company is Michael Kors?

Michael Kors has a market capitalization of $8.67 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:  944 (Vote Outperform)
Underperform Votes:  943 (Vote Underperform)
Total Votes:  1,887
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 10/23/2018 by MarketBeat.com Staff

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