Michael Kors (NYSE:KORS) "Hold" Rating Reconfirmed Today By Piper Jaffray; The TP Given is $46.0

Marco Green
December 11, 2017

Nomura maintained the stock with "Buy" rating in Wednesday, August 9 report. The firm earned "Buy" rating on Wednesday, September 27 by Canaccord Genuity. The stock of TiVo Corporation (NASDAQ:TIVO) has "Equal-Weight" rating given on Friday, December 11 by Barclays Capital. Piper Jaffray downgraded the stock to "Underweight" rating in Friday, August 7 report. On Monday, May 9 the stock rating was upgraded by Argus Research to "Buy". Sandy Spring Bank now owns 4,350 shares of the lifestyle brand's stock valued at $158,000 after buying an additional 40 shares during the last quarter. BMO Capital Markets restated a "hold" rating and set a $38.00 price objective on shares of Michael Kors Holdings Limited in a research report on Wednesday, March 15th. If the $64.90 price target is reached, the company will be worth $469.95M more. Creative Planning now owns 5,005 shares of the lifestyle brand's stock valued at $181,000 after purchasing an additional 1,180 shares in the last quarter. APG Asset Management N.V. now owns 4,454,174 shares of the lifestyle brand's stock worth $213,132,000 after purchasing an additional 23,200 shares during the period. Altria Group, Inc. (NYSE:MO) has risen 11.92% since December 9, 2016 and is uptrending. It has underperformed by 27.24% the S&P500. Cowen & Co upgraded the shares of MO in report on Tuesday, September 26 to "Outperform" rating. Therefore 27% are positive. RBC Capital Markets maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Wednesday, July 5. $49.11's average target is -20.55% below currents $61.81 stock price.

COPYRIGHT VIOLATION WARNING: "Commonwealth Bank of Australia Has $5.19 Million Holdings in Michael Kors Holdings Ltd (KORS)" was posted by Week Herald and is owned by of Week Herald.

The firm has just set a price target of $46.0 on Michael Kors (NYSE:KORS) shares. The company was reinitiated on Tuesday, December 5 by Goldman Sachs. On Friday, September 30 the stock rating was initiated by Guggenheim with "Neutral". The stock of Michael Kors Holdings Limited (NYSE:KORS) has "Neutral" rating given on Tuesday, February 7 by Mizuho. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since December 9, 2016 and is downtrending. Citigroup initiated coverage on shares of Michael Kors in a report on Thursday, November 2nd.

Michael Kors (NYSE:KORS) last released its quarterly earnings data on Monday, November 6th. Buckingham Research has "Neutral" rating and $42 target.

Michael Kors Holdings Limited Company 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 stock has a market cap of $9,116.40, a P/E ratio of 13.32, a PEG ratio of 2.02 and a beta of 0.12.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ's apparel and accessories, and menÂ's apparel. Michael Kors Holdings Ltd had 99 analyst reports since July 21, 2015 according to SRatingsIntel. They expect $0.81 EPS, up 19.12% or $0.13 from last year's $0.68 per share. SPSC's profit will be $2.07 million for 100.85 P/E if the $0.12 EPS becomes a reality. The lifestyle brand reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.50.

Investors sentiment decreased to 0.7 in 2017 Q2. Its up 0.01, from 0.9 in 2017Q1. It turned negative, as 52 investors sold Michael Kors Holdings Limited shares while 131 reduced holdings. Fuller & Thaler Asset Management Inc. raised its position in shares of Michael Kors Holdings Limited by 65.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,572,603 shares of the lifestyle brand's stock worth $93,256,000 after purchasing an additional 506,071 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.06% of Michael Kors Holdings Limited worth $3,715,000 as of its most recent filing with the SEC. (NYSE:MO). Wetherby Asset Incorporated stated it has 41,331 shares or 0.52% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt, a Pennsylvania-based fund reported 11,578 shares. Connor Clark And Lunn Investment Management Ltd holds 0.01% or 21,978 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd reported 7,200 shares stake. Daiwa Grp owns 34,004 shares or 0.01% of their United States portfolio. Cantab Prtn Llp reported 0% in Michael Kors Holdings Limited (NYSE:KORS). Rampart Limited Liability has 0.03% invested in Michael Kors Holdings Limited (NYSE:KORS). Twin Tree Mgmt Limited Partnership holds 51,180 shares. Invesco holds 0.06% in Michael Kors Holdings Limited (NYSE:KORS) or 5.05 million shares. 14,447 are owned by Brinker Capital. Exane Derivatives accumulated 62,891 shares. Contrarius Invest Ltd reported 258,362 shares. Adage Cap Prtnrs Limited Liability holds 230,075 shares or 0.02% of its portfolio.

The stock increased 0.31% or $0.05 during the last trading session, reaching $16. About 147,967 shares traded. It has underperformed by 4.78% the S&P500. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. The Company's Intellectual Property Licensing segment licenses its patent portfolio to multi-channel video service providers, including cable, satellite, and Internet-protocol television providers; set-top box manufacturers; and interactive television software and program guide providers in the online, over-the-top video, and mobile phone businesses, as well as consumer electronics (CE) manufacturers.

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