Michael Kors Holdings Ltd (KORS) Releases Earnings Results

Twin Capital Management Inc. raised its position in shares of Michael Kors Holdings by 0.8% in the first quarter. Systematic Financial Management LP now owns 251,090 shares of the lifestyle brand's stock worth $9,102,000 after acquiring an additional 248,340 shares in the last quarter. Michael Kors Hldgs Ltd now has $7.21 billion valuation. The stock rose 0.74% or $0.35 reaching $47.35.

Media stories about Michael Kors Holdings Limited (NYSE:KORS) have been trending somewhat positive on Friday, according to Accern Sentiment. It has underperformed by 27.24% the S&P500. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company's stock. Therefore 42% are positive. CF Industries Holdings has $76 highest and $22 lowest target. On Thursday, June 1 the stock rating was maintained by Jefferies with "Buy". Credit Suisse initiated the stock with "Outperform" rating in Wednesday, July 20 report. The company was initiated on Tuesday, August 18 by Wolfe Research. Barclays Capital upgraded the stock to "Overweight" rating in Friday, August 14 report. The firm has "Neutral" rating given on Wednesday, February 3 by Citigroup. The rating was downgraded by Cowen & Co on Monday, October 26 to "Market Perform". The firm has "Neutral" rating by Buckingham Research given on Friday, July 24. Piper Jaffray maintained the stock with "Hold" rating in Thursday, October 5 report. Raymond James Assoc invested in 0% or 12,090 shares. Its up 0.03, from 0.95 in 2017Q1.

Several institutional investors have recently made changes to their positions in KORS. Pdt Lc reported 639,200 shares. Invesco Ltd reported 5.85 million shares. Next Group Inc owns 15 shares. Pinnacle Assocs Ltd holds 184,334 shares. Gargoyle Invest Advisor Limited Liability Company reported 0.2% stake. (NYSE:CF) for 4.59M shares. Ftb Advsr Incorporated holds 624 shares or 0% of its portfolio. (NYSE:CF). Prudential Financial accumulated 0.01% or 316,900 shares. Meeder Asset Mgmt, a Ohio-based fund reported 52,474 shares. During the same period in the prior year, the company posted $0.88 earnings per share. The lifestyle brand reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.18. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 8.29 and a beta of 0.70. The Company's nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution and ammonium nitrate (AN).

The stock increased 0.17% or $0.06 during the last trading session, reaching $34.48. About 2,520 shares traded. (NYSE:CF) has declined 0.63% since October 11, 2016 and is downtrending. It has underperformed by 4.68% the S&P500. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: "How Baidu Inc (ADR) Stock Is Catching up to Its Chinese Counterparts" published on September 14, 2017 as well as Investorplace.com's news article titled: "Baidu Inc (ADR) (BIDU) Stock Surging on Technology Advances" with publication date: September 29, 2017. Its down 0.14, from 0.84 in 2017Q1. Schroder Investment Management Group increased its stake in shares of Michael Kors Holdings Limited by 17.4% in the 2nd quarter. 37 funds opened positions while 92 raised stakes. Macquarie Research maintained the shares of BIDU in report on Monday, May 2 with "Outperform" rating. Massmutual Trust Fsb Adv holds 77 shares. Ltd. raised its position in shares of Michael Kors Holdings by 0.5% in the third quarter. Bancorp Of Nova Scotia accumulated 212,986 shares. Rothschild Asset Mgmt holds 0.13% or 317,668 shares. Lsv Asset Mngmt holds 325,000 shares.

Among 31 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 6 have Buy rating, 3 Sell and 22 Hold. First Allied Advisory Services owns 6,752 shares. Michael Kors Holdings Limited presently has a consensus rating of "Hold" and a consensus price target of $45.35. Trexquant Investment Limited Partnership holds 0.31% or 30,800 shares in its portfolio. Sandy Spring Bank grew its holdings in Michael Kors Holdings Limited by 0.9% during the second quarter. Michael Kors Holdings updated its Q1 guidance to 0.61-0.64 EPS and its FY18 guidance to 3.57-3.67 EPS. The company's quarterly revenue was down 3.6% on a year-over-year basis. Michael Kors Holdings Ltd had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Price T Rowe Assoc Md stated it has 0% in Michael Kors Holdings Ltd (NYSE:KORS). Piper Jaffray has "Hold" rating and $4600 target.

Michael Kors Holdings Limited (NYSE:KORS) received a $55.00 target price from investment analysts at Oppenheimer Holdings, Inc.in a research note issued on Wednesday. The stock has "Underweight" rating by Piper Jaffray on Sunday, August 9. The rating was downgraded by Deutsche Bank on Wednesday, September 28 to "Hold".

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