Credit Agricole S A Has $5.53 Million Position in Michael Kors Holdings Limited (KORS)

Credit Agricole S A cut its position in shares of Michael Kors Holdings Limited (NYSE:KORS) by 13.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 145,105 shares of the lifestyle brand’s stock after selling 23,266 shares during the period. Credit Agricole S A owned about 0.09% of Michael Kors Holdings Limited worth $5,531,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC boosted its position in Michael Kors Holdings Limited by 112.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,586,485 shares of the lifestyle brand’s stock valued at $68,187,000 after buying an additional 841,222 shares during the last quarter. Trexquant Investment LP bought a new position in Michael Kors Holdings Limited during the fourth quarter valued at approximately $559,000. Systematic Financial Management LP boosted its position in Michael Kors Holdings Limited by 63.0% in the fourth quarter. Systematic Financial Management LP now owns 10,771 shares of the lifestyle brand’s stock valued at $463,000 after buying an additional 4,163 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Michael Kors Holdings Limited by 1.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,675,519 shares of the lifestyle brand’s stock valued at $72,014,000 after buying an additional 24,488 shares during the last quarter. Finally, FMR LLC boosted its position in Michael Kors Holdings Limited by 6.1% in the fourth quarter. FMR LLC now owns 4,110,584 shares of the lifestyle brand’s stock valued at $176,673,000 after buying an additional 234,812 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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

Shares of Michael Kors Holdings Limited (KORS) traded down 1.80% on Tuesday, hitting $34.31. The company’s stock had a trading volume of 550,799 shares. The stock’s 50 day moving average is $35.98 and its 200-day moving average is $39.16. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 10.43 and a beta of 0.15. Michael Kors Holdings Limited has a 52 week low of $32.38 and a 52 week high of $53.29.

Michael Kors Holdings Limited (NYSE:KORS) last posted its quarterly earnings results on Wednesday, May 31st. The lifestyle brand reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Michael Kors Holdings Limited had a net margin of 12.38% and a return on equity of 41.00%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $0.98 EPS. Michael Kors Holdings Limited’s revenue was down 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Michael Kors Holdings Limited will post $3.56 earnings per share for the current year.

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Several research analysts have recently issued reports on KORS shares. Deutsche Bank AG lowered their price objective on Michael Kors Holdings Limited from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada set a $42.00 price objective on Michael Kors Holdings Limited and gave the stock a “hold” rating in a research report on Monday, March 20th. Jefferies Group LLC set a $65.00 price objective on Michael Kors Holdings Limited and gave the stock a “buy” rating in a research report on Monday, April 10th. Zacks Investment Research cut Michael Kors Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $38.00 target price on shares of Michael Kors Holdings Limited in a report on Wednesday, March 15th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.63.

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 Company operates through three segments: retail, wholesale and licensing.

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