Economy

Short Interest in Michael Kors Holdings Limited (KORS) Increases By 38.8%

Short Interest in Michael Kors Holdings Limited (KORS) Increases By 38.8%”

Flossbach Von Storch AG now owns 11,972,527 shares of the lifestyle brand's stock valued at $434,004,000 after purchasing an additional 1,366,038 shares in the last quarter. 18,569 are held by Comerica Secs Inc. Moreover, Weiss Multi has 0.15% invested in Great Plains Energy Incorporated (NYSE:GXP) for 115,611 shares. It is down 0.00% since September 13, 2016 and is. It has underperformed by 24.22% the S&P500. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $75.00 price objective on shares of Michael Kors Holdings Limited in a research note on Friday, November 11th. Janney Montgomery Scott LLC now owns 9,470 shares of the lifestyle brand's stock worth $361,000 after acquiring an additional 2,657 shares during the period. (NYSE:MCK) stake by 47,516 shares to 63,512 valued at $8.92M in 2016Q4.

The P/E ratio is 13.10 and the market cap of the company is 6.47B. The bumped up target suggests a potential downside of -0.13% based on the company's last stock close price. Thrivent Financial For Lutherans now owns 6,000 shares of the lifestyle brand's stock valued at $229,000 after buying an additional 330 shares in the last quarter.

Sanford C. Bernstein began new coverage on Michael Kors Holdings Limited giving the company a "underperform" rating. It has underperformed by 27.24% the S&P500.

Investors sentiment decreased to 0.7 in 2016 Q4. Its up 0.01, from 0.72 in 2016Q3. WILSON JULIE M had sold 60,000 shares worth $4.09 million. It also upped Mellanox Technologies Ltd. (NASDAQ:MLNX) stake by 41,568 shares and now owns 132,568 shares. 140.57 million shares or 0.70% less from 141.55 million shares in 2016Q3 were reported. 49,202 are owned by Texas Permanent School Fund. 20,772 are held by Bb&T Secs Lc. Amica Pension Fund Board Of Trustees accumulated 0.07% or 13,096 shares. Zacks Investment Research upgraded shares of Michael Kors Holdings Limited from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Thursday, October 27th. State Teachers Retirement invested in 334,783 shares. Mutual Of America Management Ltd Co has invested 0.02% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Bokf Na holds 0.04% in Michael Kors Holdings Ltd (NYSE:KORS) or 26,646 shares. Riverhead Capital Ltd Liability Corporation reported 156,409 shares. Mitsubishi UFJ Kokusai Asset Management Co. Manufacturers Life Insur The accumulated 259,039 shares. Ltd. boosted its position in Michael Kors Holdings Limited by 0.5% during the 1st quarter. Dnb Asset Mngmt As invested in 10,573 shares. On August 9 Nomura held the stock rating at "Buy" but lowered the price target to $51.00 from $103.00. Equities analysts anticipate that Michael Kors Holdings Limited will post $3.71 EPS for the current year.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Michael Kors Holdings Limited (NYSE:KORS). Michael Kors Holdings Limited has a 52-week low of $32.38 and a 52-week high of $52.67.

05/31/2017 - Michael Kors Holdings Limited had its "market perform" rating reiterated by analysts at Wells Fargo. The stock has "Market Perform" rating by Telsey Advisory Group on Wednesday, February 3. The company presently has an average rating of "Hold" and an average price target of $42.54.

Michael Kors Holdings Limited (NYSE:KORS) last issued its quarterly earnings results on Tuesday, August 8th.

Investors sentiment decreased to 1.13 in 2016 Q4. Its down 0.06, from 0.93 in 2016Q3. It turned negative, as 31 investors sold ARIA shares while 61 reduced holdings. 83 funds opened positions while 179 raised stakes. The California-based Blackrock Fund Advsr has invested 0.05% in Cerner Corporation (NASDAQ:CERN). Renaissance Ltd Company has invested 0.02% in Ariad Pharmaceuticals, Inc. 257.12 million shares or 2.51% less from 263.74 million shares in 2016Q3 were reported. Cipher Lp holds 0.08% or 41,399 shares. Rhumbline Advisers has invested 0.01% of its portfolio in Ariad Pharmaceuticals, Inc. Aberdeen Asset Public Uk reported 93,933 shares or 0.02% of all its holdings. Tci Wealth Advsr reported 170 shares. Bloomberg.com's article titled: "Michael Kors, You're No Louis Vuitton" and published on August 30, 2017 is yet another important article. More interesting news about Ariad Pharmaceuticals, Inc. Finally, APG Asset Management N.V. increased its stake in Michael Kors Holdings by 14.9% during the 1st quarter. Therefore 0 are positive. Tegna Inc had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Wednesday, July 5 by RBC Capital Markets. Wells Fargo downgraded Tegna Inc (NYSE:TGNA) on Monday, August 24 to "Outperform" rating. The firm has "Underweight" rating by Barclays Capital given on Tuesday, January 19.

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