Should Investors Be Buying Michael Kors Holdings Ltd (NYSE:KORS) Stock Following Today’s MKM Partners Upgrade?

Investors sentiment decreased to 0.7 in Q2 2017. Its down 0.14, from 0.84 in 2017Q1. It dived, as 52 investors sold Michael Kors Holdings Ltd shares while 131 reduced holdings. 37 funds opened positions while 92 raised stakes. 123.70 million shares or 2.48% less from 126.85 million shares in 2017Q1 were reported.

Missouri-based Duncker Streett has invested 0% in Michael Kors Holdings Ltd (NYSE:KORS). Paloma Ptnrs Management has 141,666 shares. 75,064 were accumulated by Nelson Roberts Invest Advsrs. Great West Life Assurance Company Can owns 472,585 shares. Oregon Employees Retirement Fund has 0.04% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 61,070 shares. Old Mutual Customised Solutions (Proprietary) Ltd, a South Africa-based fund reported 7,200 shares. Cibc Mkts holds 0.01% in Michael Kors Holdings Ltd (NYSE:KORS) or 22,027 shares. The New York-based Rothschild Asset has invested 0.13% in Michael Kors Holdings Ltd (NYSE:KORS). Systematic Financial Ltd Partnership owns 251,090 shares for 0.17% of their portfolio. Panagora Asset reported 147,606 shares stake. 2,800 are owned by Pacad Invest Ltd. Qs Investors Llc invested in 0.03% or 85,872 shares. Moreover, Dupont Cap Mngmt has 0.08% invested in Michael Kors Holdings Ltd (NYSE:KORS). Fifth Third Natl Bank accumulated 52 shares. Sei reported 0% in Michael Kors Holdings Ltd (NYSE:KORS).

Michael Kors Holdings Ltd (NYSE:KORS) Stock Upgrade

The previous rating of a Sell for Michael Kors Holdings Ltd (NYSE:KORS) has been discontinued as MKM Partners upped KORS’s current rating to a respectable Neutral.

Investors sentiment decreased to 0.7 in Q2 2017. Its down 0.14, from 0.84 in 2017Q1. It dived, as 52 investors sold Michael Kors Holdings Ltd shares while 131 reduced holdings. 37 funds opened positions while 92 raised stakes. 123.70 million shares or 2.48% less from 126.85 million shares in 2017Q1 were reported.

Missouri-based Duncker Streett has invested 0% in Michael Kors Holdings Ltd (NYSE:KORS). Paloma Ptnrs Management has 141,666 shares. 75,064 were accumulated by Nelson Roberts Invest Advsrs. Great West Life Assurance Company Can owns 472,585 shares. Oregon Employees Retirement Fund has 0.04% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 61,070 shares. Old Mutual Customised Solutions (Proprietary) Ltd, a South Africa-based fund reported 7,200 shares. Cibc Mkts holds 0.01% in Michael Kors Holdings Ltd (NYSE:KORS) or 22,027 shares. The New York-based Rothschild Asset has invested 0.13% in Michael Kors Holdings Ltd (NYSE:KORS). Systematic Financial Ltd Partnership owns 251,090 shares for 0.17% of their portfolio. Panagora Asset reported 147,606 shares stake. 2,800 are owned by Pacad Invest Ltd. Qs Investors Llc invested in 0.03% or 85,872 shares. Moreover, Dupont Cap Mngmt has 0.08% invested in Michael Kors Holdings Ltd (NYSE:KORS). Fifth Third Natl Bank accumulated 52 shares. Sei reported 0% in Michael Kors Holdings Ltd (NYSE:KORS).

Michael Kors Holdings Ltd (NYSE:KORS) Ratings Coverage

Among 33 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 8 have Buy rating, 2 Sell and 23 Hold. Therefore 24% are positive. Michael Kors Holdings Ltd has $67 highest and $26 lowest target. $48.07’s average target is -11.44% below currents $54.28 stock price. Michael Kors Holdings Ltd had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has “Buy” rating given on Tuesday, August 8 by Jefferies. The stock of Michael Kors Holdings Ltd (NYSE:KORS) earned “Market Perform” rating by Wells Fargo on Thursday, October 22. On Sunday, June 11 the stock rating was maintained by Oppenheimer with “Hold”. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. As per Wednesday, July 5, the company rating was maintained by BMO Capital Markets. BB&T Capital initiated the shares of KORS in report on Thursday, July 30 with “Hold” rating. The stock has “Neutral” rating by Mizuho on Friday, October 23. Deutsche Bank maintained Michael Kors Holdings Ltd (NYSE:KORS) on Friday, June 16 with “Hold” rating. CLSA initiated it with “Sell” rating and $45 target in Thursday, September 29 report. The rating was downgraded by Buckingham Research on Friday, July 24 to “Neutral”.

About 803,014 shares traded. Michael Kors Holdings Ltd (NYSE:KORS) has declined 10.54% since November 8, 2016 and is downtrending. It has underperformed by 27.24% the S&P500.

Investors wait Michael Kors Holdings Ltd (NYSE:KORS) to report on November, 9. its quarterly earnings Wall Street analysts expect $0.83 earnings per share, down $0.12 or 12.63 % from last year’s $0.95 same quarter earnings. This translates into $125.85 million profit for KORS giving the stock a 16.35 P/E. This is assuming the current $0.83 EPS is accurate. Michael Kors Holdings Ltd’s Wall Street analysts see 3.75 % EPS growth, taking into account the $0.80 EPS reproted in the previous quarter,

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 has market cap of $8.23 billion. The Firm operates through three divisions: retail, wholesale and licensing. It has a 15.12 P/E ratio. The Retail activities consist of collection stores and lifestyle stores, including concessions and outlet stores, located primarily in the Americas , Europe and Asia, as well as e-commerce.

More notable recent Michael Kors Holdings Ltd (NYSE:KORS) news were published by: Businesswire.com which released: “Michael Kors Holdings Limited Completes Acquisition of Jimmy Choo PLC” on November 01, 2017, also Fool.com with their article: “Why Michael Kors Holdings Ltd Stock Popped Today” published on November 06, 2017, Nasdaq.com published: “Michael Kors (KORS) Soars: Stock Adds 14.7% in Session” on November 07, 2017. More interesting news about Michael Kors Holdings Ltd (NYSE:KORS) were released by: Reuters.com and their article: “UPDATE 1-Michael Kors lifts revenue forecast, benefiting from Jimmy Choo” published on November 06, 2017 as well as Investorplace.com‘s news article titled: “Bag Big Profits with Michael Kors Holdings Ltd (KORS) Stock” with publication date: October 13, 2017.

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