Michael Kors Holdings Ltd (NYSE:KORS) stock price target increased to $48.57, issued a ratings update today by Vetr Inc.
- Updated: October 14, 2016
Just yesterday Michael Kors Holdings Ltd (NYSE:KORS) traded 0.04% higher at $46.65. Michael Kors Holdings Ltd’s 50-day moving average is $48.17 and its 200-day moving average is $49.44. The last stock price is down -5.64% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,435,436 shares of KORS traded hands, down from an average trading volume of 2,574,120
In a report released on 10/17/2016 Vetr Inc. increased the stock price target of Michael Kors Holdings Ltd (NYSE:KORS) to $48.57 reporting a possible upside of 0.04%.
Previously on 10/10/2016, Vetr Inc. released a statement about Michael Kors Holdings Ltd (NYSE:KORS) increased the target price from $0.00 to $48.57. At the time, this indicated a possible upside of 0.03%.
Recent Performance Chart
Michael Kors Holdings Ltd has 52 week low of $34.83 and a 52 week high of $59.49 with a PE ratio of 10.53 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 24 brokerages have issued a ratings update on the company. The average stock price target is $56.50 with 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 21 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Michael Kors Holdings Ltd (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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