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A statement released earlier today by Oppenheimer about Michael Kors (NYSE:KORS) raises the target price to $55.00

In a report released on Tuesday September 19, 2017 Oppenheimer increased the stock price target of Michael Kors (NYSE:KORS) from $44.00 to $55.00 indicating a possible upside of 0.23%.

Previously on 9/12/2017, Bernstein reported on Michael Kors (NYSE:KORS) increased the target price from $0.00 to $37.00. At the time, this indicated a possible downside of -0.13%.

Yesterday Michael Kors (NYSE:KORS) traded 3.28% higher at $44.65. The company’s 50-day moving average is $42.07 and its 200-day moving average is $37.74. The last closing price is up 22.20% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,687,667 shares of the stock traded hands, down from an average trading volume of 2,280,560

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Michael Kors (NYSE:KORS)

Michael Kors has a 52 week low of $32.38 and a 52 week high of $52.67 with a P/E ratio of 14.15 The company’s market cap is currently $0.

In addition to Oppenheimer reporting its stock price target, a total of 24 brokers have issued a report on the company. The average stock price target is $56.50 with 3 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 21 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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