Michael Kors Holdings Limited (NYSE:KORS)

The stock has risen 3 percent in the last 12 months.

On a technical level the stock has a 50 Day Moving Average of 42.83. Michael Kors Holdings has a 52 week low of $38.80 and a 52 week high of $83.38.

Michael Kors Holdings (NASDAQ:KORS) last posted its earnings results on Wednesday, May 27th. She cut the price target to $38 from $44 just before the quarterly results announcement, while maintaining a “Neutral” rating for Michael Kors Holdings Ltd (NYSE:KORS). The company has a market cap of $8.81 billion and a P/E ratio of 10.36. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. JPMorgan Chase & Co. reiterated a hold rating on shares of Michael Kors Holdings in a research report on Monday. Canaccord Genuity have set a target price of 45 Dollars on its stock.

Michael Kors reported Thursday that it recorded $986 million in first quarter fiscal 2016 revenue, a figure that beat the $943 million Wall Street consensus and is up 7.3% over total sales reported in the year-ago quarter. Piper Jaffray reiterated a hold rating on shares of Michael Kors Holdings in a research report on Tuesday.

Michael Kors Holdings Limited (KORS) of the Consumer Goods sector (Textile – Apparel Clothing) is down -1.99% already this morning, a change from open of -1.43%. The rating by the firm was issued on July 29, 2015. The stock presently has an average rating of Hold and an average price target of $57.65. Value investors seek stocks that trade at a lower price relative to key fundamentals such as sales, earnings and dividends.

Kors, which grew rapidly by offering luxury to the masses, is juggling a host of problems, and shares have lost almost half of their value this year. Michael Kors Holdings Limited (KORS) has a weekly performance of 5.800% and EPS growth this year of 32.90%. In addition, with the company having largely focused on women in the past, Kors believes that further development of its men’s fashion concept could provide a new audience for the retailer to tap for revenue gains. It’s global supply network of company-operated retail stores, department stores, specialty stores and select licensing partners. Both sets are offered by it through its retail and wholesale segments. The Company also offers licensed products through its retail segment. Its licensing section is engaged in supplying licenses to third parties, which include sales, specific generation or distribution rights.