Michael Kors Holdings Ltd (KORS) CEO John D. Idol Sells 150000 Shares

Cornelia Mascio
Febbraio 23, 2018

Michael Kors earned a media sentiment score of 0.17 on Accern's scale.

Large investors have recently added to or reduced their stakes in the business. Lombard Odier Asset Mgmt (Switzerland) invested 0.07% in Michael Kors Holdings Limited (NYSE:KORS). Janus Henderson Group PLC raised its holdings in Michael Kors by 75.2% during the second quarter. Overall, 2.55 Million shares exchanged hands versus its average volume of $1.01 Million. American Century Companies Inc. grew its stake in Michael Kors by 2,006.2% in the 4th quarter. Janus Henderson Group PLC now owns 40,341 shares of the lifestyle brand's stock valued at $1,462,000 after acquiring an additional 17,310 shares during the period. USA Mutuals Advisors Inc. acquired a new stake in Michael Kors during the 4th quarter valued at approximately $100,000. Insiders have sold 167,335 shares of company stock valued at $10,410,983 over the last quarter. Toronto Dominion Bank now owns 54,874 shares of the lifestyle brand's stock valued at $1,989,000 after buying an additional 9,019 shares during the last quarter. Company insiders own 6.00% of the company's stock.

Shell Asset Management Co. increased its stake in shares of Michael Kors Holdings Ltd (NYSE:KORS) by 155.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The Relative Volume value measured for Michael Kors Holdings Limited stands at 1.6. The company has a quick ratio of 1.06, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9,679.37, a PE ratio of 18.92, a P/E/G ratio of 2.03 and a beta of 0.08.

Michael Kors (NYSE:KORS) last announced its earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.29 by $0.48. The returns on assets of Michael Kors Holdings Limited (NYSE:KORS) also presenting perceptible condition of profitability, it has ROA of 18.00%, the very positive ratio starts from +15% and very negative hits to -15%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the firm posted $1.64 EPS. The company's quarterly revenue was up 6.4% on a year-over-year basis. sell-side analysts expect that Michael Kors Holdings Ltd will post 4.48 earnings per share for the current year.

Several research analysts have recently issued reports on the company. Royal Bank of Canada set a $71.00 price objective on Michael Kors and gave the stock a "hold" rating in a research note on Thursday, February 8th. Finally, Canaccord Genuity reaffirmed a "buy" rating and issued a $67.00 price objective (up previously from $58.00) on shares of Michael Kors in a research report on Friday, November 3rd. Finally, Susquehanna Bancshares assumed coverage on shares of Michael Kors in a research note on Thursday, November 2nd. ValuEngine raised Michael Kors from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 8th. They set a "buy" rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company.

In related news, SVP Pascale Meyran sold 6,835 shares of the company's stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $62.47, for a total value of $406,055.00.

Michael Kors Holdings Limited (KORS) shares were closed at $63.77 a share in the latest session and the stock value gain nearly 0.25% since the beginning of this year. The stock has a consensus rating of "Hold" and an average target price of $62.32. The disclosure for this sale can be found here. The shares were sold at an average price of $63.94, for a total transaction of $255,760.00.

ILLEGAL ACTIVITY NOTICE: "Michael Kors Holdings Ltd (KORS) CEO John D. Idol Sells 150,000 Shares" was originally published by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & global copyright & trademark law. The correct version of this story can be viewed at https://baseballnewssource.com/markets/arrowstreet-capital-limited-partnership-acquires-684310-shares-of-michael-kors-holdings-ltd-kors/1896521.html. The firm operates in three divisions: Retail, Wholesale, and Licensing.

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.

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