A statement released earlier today by CLSA about Michael Kors (NYSE:KORS) bumps the target price to $45.00
- Updated: September 29, 2016
Boasting a price of $48.24, Michael Kors (NYSE:KORS) traded 0.15% higher on the day. With the last stock price close down -3.91% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Michael Kors has recorded a 50-day average of $49.22 and a two hundred day average of $50.20. Volume of trade was down over the average, with 1,895,649 shares of KORS changing hands under the typical 2,625,900
CLSA bumped up the target of Michael Kors (NYSE:KORS) to $45.00 stating a potential downside of -0.07%.
On Wednesday September 28, 2016, CLSA released a statement for Michael Kors (NYSE:KORS) bumped up the target price from $0.00 to $45.00 that suggested a downside of -0.07%.
With a total market value of $0, Michael Kors has price-earnings ratio of 10.88 with a one year low of $34.83 and a one year high of $59.49 .
A total of 24 equity analysts have released a ratings update on KORS. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, twenty-one equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $56.50.
Brief Synopsis About Michael Kors (NYSE:KORS)
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. The Retail operations consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas (the United States, Canada and Latin America), Europe and Asia, as well as e-commerce. Wholesale revenues are principally derived from major department and specialty stores located throughout the Americas, Europe and Asia. The Company licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men's suits, swimwear, furs and ties, as well as through geographic licenses.
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