Michael Kors Holdings Limited (KORS) Holdings Lifted by Fulton Bank N.A.

Fulton Bank N.A. raised its stake in shares of Michael Kors Holdings Limited (NYSE:KORS) by 38.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,234 shares of the lifestyle brand’s stock after purchasing an additional 2,559 shares during the quarter. Fulton Bank N.A.’s holdings in Michael Kors Holdings Limited were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in Michael Kors Holdings Limited by 9.3% during the 2nd quarter. BlackRock Inc. now owns 15,287,608 shares of the lifestyle brand’s stock valued at $554,176,000 after purchasing an additional 1,301,796 shares in the last quarter. Flossbach Von Storch AG boosted its holdings in shares of Michael Kors Holdings Limited by 12.9% in the 2nd quarter. Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand’s stock valued at $434,004,000 after acquiring an additional 1,366,038 shares during the last quarter. FMR LLC boosted its holdings in shares of Michael Kors Holdings Limited by 33.9% in the 2nd quarter. FMR LLC now owns 4,378,144 shares of the lifestyle brand’s stock valued at $158,708,000 after acquiring an additional 1,107,385 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Michael Kors Holdings Limited by 24.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand’s stock valued at $93,256,000 after acquiring an additional 506,071 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Michael Kors Holdings Limited by 17.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,410,156 shares of the lifestyle brand’s stock valued at $86,042,000 after acquiring an additional 357,661 shares during the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.

Several research firms have recently commented on KORS. Canaccord Genuity upped their price objective on shares of Michael Kors Holdings Limited from $33.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $46.00 price objective (up from $35.00) on shares of Michael Kors Holdings Limited in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “market perform” rating and issued a $45.00 price objective (up from $35.00) on shares of Michael Kors Holdings Limited in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Telsey Advisory Group upped their price objective on shares of Michael Kors Holdings Limited from $38.00 to $49.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. Michael Kors Holdings Limited presently has a consensus rating of “Hold” and an average price target of $45.35.

Shares of Michael Kors Holdings Limited (NYSE:KORS) traded down 0.22% during midday trading on Thursday, hitting $49.02. 198,950 shares of the stock were exchanged. Michael Kors Holdings Limited has a 12-month low of $32.38 and a 12-month high of $52.67. The firm has a 50-day moving average price of $45.79 and a 200 day moving average price of $39.35. The firm has a market cap of $7.43 billion, a PE ratio of 15.04 and a beta of 0.03.

Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings data on Tuesday, August 8th. The lifestyle brand reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. Michael Kors Holdings Limited had a net margin of 11.91% and a return on equity of 40.26%. The business had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts pr

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in Michael Kors Holdings Limited by 9.3% during the 2nd quarter. BlackRock Inc. now owns 15,287,608 shares of the lifestyle brand’s stock valued at $554,176,000 after purchasing an additional 1,301,796 shares in the last quarter. Flossbach Von Storch AG boosted its holdings in shares of Michael Kors Holdings Limited by 12.9% in the 2nd quarter. Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand’s stock valued at $434,004,000 after acquiring an additional 1,366,038 shares during the last quarter. FMR LLC boosted its holdings in shares of Michael Kors Holdings Limited by 33.9% in the 2nd quarter. FMR LLC now owns 4,378,144 shares of the lifestyle brand’s stock valued at $158,708,000 after acquiring an additional 1,107,385 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Michael Kors Holdings Limited by 24.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand’s stock valued at $93,256,000 after acquiring an additional 506,071 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Michael Kors Holdings Limited by 17.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,410,156 shares of the lifestyle brand’s stock valued at $86,042,000 after acquiring an additional 357,661 shares during the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.

Several research firms have recently commented on KORS. Canaccord Genuity upped their price objective on shares of Michael Kors Holdings Limited from $33.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $46.00 price objective (up from $35.00) on shares of Michael Kors Holdings Limited in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “market perform” rating and issued a $45.00 price objective (up from $35.00) on shares of Michael Kors Holdings Limited in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Telsey Advisory Group upped their price objective on shares of Michael Kors Holdings Limited from $38.00 to $49.00 and gave the company a “market perform” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. Michael Kors Holdings Limited presently has a consensus rating of “Hold” and an average price target of $45.35.

Shares of Michael Kors Holdings Limited (NYSE:KORS) traded down 0.22% during midday trading on Thursday, hitting $49.02. 198,950 shares of the stock were exchanged. Michael Kors Holdings Limited has a 12-month low of $32.38 and a 12-month high of $52.67. The firm has a 50-day moving average price of $45.79 and a 200 day moving average price of $39.35. The firm has a market cap of $7.43 billion, a PE ratio of 15.04 and a beta of 0.03.

Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings data on Tuesday, August 8th. The lifestyle brand reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. Michael Kors Holdings Limited had a net margin of 11.91% and a return on equity of 40.26%. The business had revenue of $952.40 million for the quarter, compared to analyst estimates of $919.18 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts predict that Michael Kors Holdings Limited will post $3.71 earnings per share for the current fiscal year.

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Michael Kors Holdings Limited Profile

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.

Institutional Ownership by Quarter for Michael Kors Holdings Limited (NYSE:KORS)

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