Somewhat Positive News Coverage Somewhat Unlikely to Affect Michael Kors (KORS) Share Price

News coverage about Michael Kors (NYSE:KORS) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Michael Kors earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave press coverage about the lifestyle brand an impact score of 47.2857407676572 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

KORS has been the topic of a number of research reports. Deutsche Bank raised shares of Michael Kors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.20 to $86.00 in a report on Monday, April 23rd. Zacks Investment Research raised shares of Michael Kors from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, April 24th. Morgan Stanley lifted their price target on shares of Michael Kors from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Thursday, May 31st. Credit Suisse Group lowered their price target on shares of Michael Kors from $75.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, May 31st. Finally, Nomura set a $80.00 price target on shares of Michael Kors and gave the stock a “buy” rating in a report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $73.17.

Shares of KORS stock opened at $71.94 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.27. Michael Kors has a 1 year low of $41.47 and a 1 year high of $74.07. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.12 and a beta of -0.01.

Michael Kors (NYSE:KORS) last issued its earnings results on Wednesday, August 8th. The lifestyle brand reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.37. Michael Kors had a net margin of 13.14% and a return on equity of 39.01%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. sell-side analysts expect that Michael Kors will post 5.02 EPS for the current fiscal year.

In other news, SVP Cathy Marie Robinson sold 6,097 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $63.58, for a total value of $387,647.26. Following the transaction, the senior vice president now owns 24,936 shares of the company’s stock, valued at $1,585,430.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John D. Idol sold 150,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $73.24, for a total transaction of $10,986,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 618,197 shares of company stock worth $42,846,254. Insiders own 6.00% of the company’s stock.

Michael Kors Company Profile

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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