Today, the SVP, Corp Str & Ch Ops Off of Michael Kors (NYSE: KORS), Cathy Marie Robinson, sold shares of KORS for $503.3K.
Following Cathy Marie Robinson’s last KORS Sell transaction on June 15, 2016, the stock climbed by 13.6%.
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Based on Michael Kors’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $44.1 million. In comparison, last year the company earned revenue of $1.06 billion and had a GAAP net loss of $26.8 million. KORS’s market cap is $13.3B and the company has a P/E ratio of 16.37. Currently, Michael Kors has an average volume of 3.9M.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $76.27, reflecting a -16.8% downside. Five different firms, including Barclays and Citigroup, currently also have a Sell rating 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.
