Michael Kors Holdings Limited O (NYSE:KORS).
On April 27 the stock rating was upgraded to “Overweight” from “Neutral” by analysts at Piper Jaffray. Equity analyst Jyske Bank started coverage giving it an initial rating of “Buy” and projecting a price target of $65.00.
February 3 investment analysts at Baird left the stock rating at “Neutral” but moved up the price target from $42.00 to $52.00. Equity analyst Citigroup upgraded the stock and raised the price target on February 3 changing the price objective from $38.00 to $55.00 and altering the rating from “Sell” to “Neutral”.
On February 3 the company was upgraded from “Sell” to “Neutral” and a price target of $55.00 was set in an announcement from Citigroup.
The company is trading up since yesterday’s close of $48.17. The stock last traded at $48.24 a tad below the 50 day moving average of $49.22 and which is marginally lower than the 200 day moving average of $50.20. The 50 day moving average went down by -2.00% and the 200 day average was down $-1.96.
The company currently has a P/E ratio of 10.88 and the market cap is 8.14B. In the last earnings report the EPS was $4.43 and is estimated to be $4.57 for the current year with 168,763,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.79 with next year’s EPS projected to be $4.82.