Buckingham Research reiterated their neutral rating on shares of Michael Kors Holdings Ltd (NASDAQ:KORS) in a research note released on Monday morning, AnalystRatingsNetwork.com reports. Buckingham Research currently has a $42.00 target price on the lifestyle brand’s stock.

A number of other research analysts also recently weighed in on the company. Mizuho reaffirmed a neutral rating and set a $40.00 price target (down from $42.00) on shares of Michael Kors Holdings in a research note on Friday, January 22nd. Robert W. Baird dropped their price target on Michael Kors Holdings from $45.00 to $42.00 in a research note on Tuesday, January 19th. Piper Jaffray raised Michael Kors Holdings from an underweight rating to a neutral rating and set a $38.00 price target on the stock in a research note on Tuesday, January 19th. Wedbush reaffirmed a neutral rating and set a $48.00 price target on shares of Michael Kors Holdings in a research note on Tuesday, January 5th. Finally, Deutsche Bank dropped their price target on Michael Kors Holdings from $50.00 to $47.00 and set a buy rating on the stock in a research note on Monday, December 14th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Michael Kors Holdings presently has an average rating of Hold and a consensus target price of $50.83.

Michael Kors Holdings (NASDAQ:KORS) traded up 1.84% on Monday, reaching $38.73. The company’s stock had a trading volume of 2,444,741 shares. The firm’s 50-day moving average price is $39.14 and its 200 day moving average price is $41.22. The company has a market cap of $7.10 billion and a P/E ratio of 9.06. Michael Kors Holdings has a 52-week low of $34.83 and a 52-week high of $73.47.

Michael Kors Holdings (NASDAQ:KORS) last announced its quarterly earnings data on Wednesday, November 4th. The lifestyle brand reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business earned $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities analysts anticipate that Michael Kors Holdings will post $4.33 EPS for the current fiscal year.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in shares of Michael Kors Holdings during the third quarter worth about $5,394,000. Janus Capital Management boosted its position in shares of Michael Kors Holdings by 10.0% in the third quarter. Janus Capital Management now owns 103,504 shares of the lifestyle brand’s stock worth $4,372,000 after buying an additional 9,369 shares during the period. Creative Planning boosted its position in shares of Michael Kors Holdings by 7.4% in the fourth quarter. Creative Planning now owns 10,105 shares of the lifestyle brand’s stock worth $405,000 after buying an additional 693 shares during the period. Capital Impact Advisors bought a new position in shares of Michael Kors Holdings during the fourth quarter worth about $493,000. Finally, Wilsey Asset Management boosted its position in shares of Michael Kors Holdings by 4.1% in the fourth quarter. Wilsey Asset Management now owns 152,141 shares of the lifestyle brand’s stock worth $6,094,000 after buying an additional 5,976 shares during the period.

Michael Kors Holdings Limited is a global accessories, footwear and apparel company. The Company operates its business in three segments: retail, wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection, it offers accessories, including handbags and small leather goods, many of which are made from leathers and other exotic skins, footwear and apparel, including ready-to-wear women swear and menswear. Its MICHAEL Michael Kors collection offers accessories, primarily handbags and small leather goods, such as clutches, wallets, wristlets and cosmetic cases; footwear, primarily in women’s styles; and women swear, including dresses, tops, jeans, pants, skirts, shorts and outerwear. Through its licensing segment, it enters into agreements that license to third parties use of its brand name and trademarks, certain production, and sales and distribution rights.

12 Month Chart for NASDAQ:KORS

Receive News & Ratings for Michael Kors Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.