Economy

Michael Kors Holdings Ltd (KORS) Rating Reiterated by Jefferies Group LLC

Neovasc Inc (US) (NASDAQ:NVCN) has declined 19.02% since October 15, 2016 and is downtrending. It has underperformed by 27.24% the S&P500. Captrust Advsr reported 0% stake. Jefferies Group LLC set a $60.00 price target on shares of Michael Kors Holdings Limited and gave the company a "buy" rating in a research note on Tuesday, July 4th. The Invesco Ltd holds 5.05 million shares with $183.07 million value, down from 5.11 million last quarter. Michael Kors Hldgs Ltd (Call) now has $7.24B valuation. BlackRock Inc. now owns 13,985,812 shares of the lifestyle brand's stock valued at $532,997,000 after acquiring an additional 13,606,521 shares during the last quarter. The Walthausen & Company holds 356,986 shares with $5.00 million value, up from 241,984 last quarter. It is down 40.97% since October 16, 2016 and is downtrending. It has underperformed by 27.24% the S&P500.

Now, the FactSet Research estimate calls for Q2 2017 earnings of US$0.83. Its down 0.14, from 0.84 in 2017Q1. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. Thompson Siegel & Walmsley Llc, a Virginia-based fund reported 2.57 million shares. Shell Asset Mngmt stated it has 0.01% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Dimensional Fund Advsrs LP reported 0.02% of its portfolio in Michael Kors Holdings Ltd (NYSE:KORS). Hedge funds and other institutional investors own 88.54% of the company's stock. 17,810 were reported by Pub Sector Pension Board. Contrarius Inv Ltd holds 0.63% or 258,362 shares in its portfolio. The stock stands almost -9.3% off versus the 52-week high and 47.53% away from the 52-week low. Ny State Teachers Retirement owns 310,439 shares or 0.03% of their U.S. portfolio. Navellier & has 126,499 shares for 0.26% of their portfolio. Flossbach Von Storch Ag accumulated 11.97 million shares or 4.94% of the stock. Moreover, Hbk Lp has 0.08% invested in Michael Kors Holdings Ltd (NYSE:KORS). Michael Kors Holdings's quarterly revenue was down 11.2% on a year-over-year basis. 7,123 were reported by Cantab Prns Llp.

Analysts await Michael Kors Holdings Ltd (NYSE:KORS) to report earnings on November, 9. During the same period past year, the firm earned $0.88 EPS. KORS's profit will be $125.79M for 14.39 P/E if the $0.83 EPS becomes a reality.

Invesco Ltd increased Ritchie Bros Auctioneers (NYSE:RBA) stake by 298,793 shares to 811,114 valued at $23.31 million in 2017Q2. About 1.99M shares traded or 5.29% up from the average. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Hold" rating given on Tuesday, August 8 by BMO Capital Markets.

Michael Kors Holdings Limited (NYSE:KORS) traded up 1.78% on Friday, reaching $48.62. The company was maintained on Tuesday, August 8 by Piper Jaffray. The firm presently has a "hold" rating on the lifestyle brand's stock. As per Friday, June 9, the company rating was maintained by Piper Jaffray. Credit Suisse Group reaffirmed a "hold" rating and set a $43.00 price objective on shares of Michael Kors Holdings Limited in a report on Sunday, September 10th. As per Friday, September 29, the company rating was maintained by Robert W. Baird. Oppenheimer upgraded the stock to "Outperform" rating in Tuesday, September 19 report.

Investors sentiment increased to 1.3 in 2017 Q2. Its down 0.04, from 1.09 in 2017Q1. It is positive, as 23 investors sold SCS shares while 47 reduced holdings. Tcw Grp holds 0% or 13,961 shares in its portfolio. 45 are owned by Winch Advisory Services Ltd Liability Corp. Valley Natl Advisers Inc holds 0.01% or 830 shares in its portfolio. Lipe Dalton accumulated 89,145 shares. Next Financial Gru Inc Inc has invested 0% in SunPower Corporation (NASDAQ:SPWR). It also reduced Ishares Inc stake by 44,390 shares and now owns 115,310 shares. Fuller & Thaler Asset Mgmt accumulated 7,800 shares. Invesco Limited has 693,285 shares for 0% of their portfolio. Swiss Retail Bank invested in 101,500 shares or 0% of the stock. Gotham Asset Mgmt Limited Liability Company invested in 318,151 shares or 0.06% of the stock. It now has negative earnings. The Firm operates through three divisions: retail, wholesale and licensing. Therefore 30% are positive.

06/01/2017 - Michael Kors Holdings Limited had its "equal-weight" rating reiterated by analysts at Morgan Stanley. On Wednesday, July 6 the stock rating was upgraded by UBS to "Buy". Cowen & Co has "Buy" rating and $12.0 target. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. The rating was maintained by Mizuho on Tuesday, February 7 with "Neutral". Also, the Hold rating count is 2, as of 13 Oct 2017.



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