Mizuho reissued their neutral rating on shares of Michael Kors Holdings Ltd (NASDAQ:KORS) in a report released on Friday, Analyst Ratings Net reports. The firm currently has a $40.00 target price on the lifestyle brand’s stock, down from their prior target price of $42.00.

A number of other brokerages have also recently issued reports on KORS. Vetr raised shares of Michael Kors Holdings from a hold rating to a buy rating and set a $45.70 target price for the company in a report on Tuesday, October 6th. Zacks Investment Research raised shares of Michael Kors Holdings from a hold rating to a buy rating and set a $49.00 target price for the company in a report on Tuesday, October 6th. Piper Jaffray reaffirmed an underweight rating and issued a $38.00 target price on shares of Michael Kors Holdings in a report on Friday, October 9th. Citigroup Inc. began coverage on shares of Michael Kors Holdings in a report on Wednesday, October 7th. They issued a sell rating and a $38.00 target price for the company. Finally, Jefferies Group reaffirmed a buy rating on shares of Michael Kors Holdings in a report on Friday, September 25th. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Michael Kors Holdings has a consensus rating of Hold and an average price target of $50.83.

Other large investors recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Michael Kors Holdings by 115.3% in the fourth quarter. Nordea Investment Management AB now owns 253,299 shares of the lifestyle brand’s stock valued at $10,147,000 after buying an additional 135,651 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft acquired a new position in Michael Kors Holdings during the third quarter valued at approximately $5,394,000. Capital Impact Advisors acquired a new position in Michael Kors Holdings during the fourth quarter valued at approximately $493,000. Janus Capital Management raised its position in Michael Kors Holdings by 10.0% in the third quarter. Janus Capital Management now owns 103,504 shares of the lifestyle brand’s stock valued at $4,372,000 after buying an additional 9,369 shares during the period. Finally, Narwhal Capital Management acquired a new position in Michael Kors Holdings during the fourth quarter valued at approximately $345,000.

Michael Kors Holdings (NASDAQ:KORS) traded down 3.51% on Friday, reaching $37.06. The company had a trading volume of 1,715,140 shares. The stock has a market capitalization of $6.80 billion and a PE ratio of 8.67. The stock has a 50 day moving average price of $39.58 and a 200 day moving average price of $41.33. 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 issued its earnings results on Wednesday, November 4th. The lifestyle brand reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.12. The company earned $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that Michael Kors Holdings will post $4.33 EPS for the current year.

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.