Buckingham Sticks to Their Buy Rating for Michael Kors (KORS)


Buckingham analyst Kelly Crago maintained a Buy rating on Michael Kors (NYSE: KORS) yesterday and set a price target of $74. The company’s shares closed yesterday at $62.38.

According to TipRanks.com, Crago is a 3-star analyst with an average return of 10.7% and a 62.5% success rate. Crago covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Five Below Inc, and Dollar Tree.

Currently, the analyst consensus on Michael Kors is a Moderate Buy with an average price target of $79.31, a 27.1% upside from current levels. In a report issued on October 3, Citigroup also upgraded the stock to Buy with a $79 price target.

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Michael Kors’ market cap is currently $9.31B and has a P/E ratio of 14.44. The company has a Price to Book ratio of 4.57.

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Michael Kors Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates its business through three segments: Retail, Wholesale and Licensing.

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