• Zacks Short Term Rating on Michael Kors Holdings Limited (NYSE:KORS)

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    Michael Kors Holdings Limited (NYSE:KORS) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 2.61 by 19 Wall Street Analysts. 4 analysts have added the shares in their list of strong buys. 1 stock experts have also rated a buy. 13 analysts have advised hold. 1 has rated the company as strong sell.

    Michael Kors Holdings Limited (NYSE:KORS): According to 16 Analysts, The short term target price has been estimated at $ 51.25.The target price could deviate by a maximum of $12.32 from the forecast price. In the near term, the target price could hit a high of $90 and a low of $ 38.

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    Michael Kors Holdings Limited has lost 12.55% in the last five trading days and dropped 3.23% in the last 4 weeks. Michael Kors Holdings Limited has dropped 37.18% during the last 3-month period . Year-to-Date the stock performance stands at -49.32%.

    Many analysts have commented on the company rating. Wolfe Research initiates coverage on Michael Kors Holdings Limited (NYSE:KORS). The rating major has initiated the coverage with an peer perform rating on the shares. The rating by the firm was issued on August 17, 2015.

    Michael Kors Holdings Limited (NYSE:KORS) witnessed a decline in the market cap on Monday as its shares dropped 5.04% or 2.02 points. After the session commenced at $36.75, the stock reached the higher end at $39.74 while it hit a low of $36.63. With the volume soaring to 7,017,003 shares, the last trade was called at $38.06. The company has a 52-week high of $83.2888. The company has a market cap of $7,362 million and there are 193,422,000 shares in outstanding. The 52-week low of the share price is $38.16.

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    On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP Bus Affairs, GC & Sec) of Michael Kors Holdings Ltd, Sporn Lee S. had sold 76,000 shares worth of $5,823,880 in a transaction dated December 5, 2014. In this transaction, 76,000 shares were sold at $76.63 per share.

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    Michael Kors Holdings Limited is a global lifestyle brand . The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude. The Company is an American sportswear house to a global accessories, footwear and apparel company with a presence in over 85 countries. Its segments include retail, wholesale and licensing. It is focused on retail stores, department stores, specialty stores and select licensing partners. As of March 30, 2013, its retail segment included 231 North American retail stores, including concessions, and 73 international retail stores, including concessions, in Europe and Japan. As of March 30, 2013, its wholesale segment included wholesale sales through approximately 2,215 department store and specialty store doors in North America and wholesale sales through approximately 1,034 department store and specialty store doors internationally.

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