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Vetr Inc. disclosed Michael Kors Holdings Ltd (NYSE:KORS), hiking its price target to $52.44 earlier today

Yesterday Michael Kors Holdings Ltd (NYSE:KORS) traded -0.17% lower at $46.79. The company’s 50-day moving average is $49.05 and its 200-day moving average is $50.08. The last closing price is down -6.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,874,206 shares of the stock were exchanged, up from an average trading volume of 2,599,520

Reporting a potential upside of 0.12%, Vetr Inc. upped the price target of Michael Kors Holdings Ltd (NYSE:KORS) to $52.44

See Chart Below

Michael Kors Holdings Ltd (NYSE:KORS)

Michael Kors Holdings Ltd has a 52 week low of $34.83 and a 52 week high of $59.49 with a P/E ratio of 10.56 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 24 brokers have issued a report on KORS. The one year target is $56.50 with 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, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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