Michael Kors (KORS) Receives a Hold from UBS


UBS analyst Jay Sole maintained a Hold rating on Michael Kors (NYSE: KORS) today and set a price target of $76. The company’s shares opened today at $71.76, close to its 52-week high of $73.18.

According to TipRanks.com, Sole is a 4-star analyst with an average return of 14.5% and a 62.3% success rate. Sole covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ralph Lauren Corp, and Burlington Stores.

Currently, the analyst consensus on Michael Kors is a Moderate Buy with an average price target of $78, implying an 8.7% upside from current levels. In a report issued on August 8, Guggenheim also maintained a Hold rating on the stock.

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Michael Kors’ market cap is currently $10.83B and has a P/E ratio of 18.64. The company has a Price to Book ratio of 5.37.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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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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