KORS – Michael Kors Holdings Limited is a global firm, operating in the segment of accessories, footwear and apparel.
KORS – Michael Kors Holdings Limited
|Fundamentals||Previously closed at||53.41|
|Analysts opinion||Piper Jaffray upgraded the stock to “Outperform” today, with a price target of $67. Its proprietary teenage survey recently reported growth potential for Michael Kors brand. KORS has good fundamentals with a forward PE of 11.69, ROA of 33.10%, and zero debt makes the stock attractive. Many institutional investors including Blackrock Advisors LLC, Oregon Public Employees Retirement fund, Mitsubishi UFJ Kokusai Asset Management, First Merchants Corp, etc increased its stake in Michael Kors Holdings|
|Sentiments||Lockheed beat the revenue estimates by a huge margin of $360 Million, reporting a Q1 revenue of $11.7 Billion, which increased 15.7% YoY. It has also been given a credit rating of A -. Investor sentiments are bullish for the stock.|
|Revenue Prediction||KORS is believed to report its Q3 earnings on 25th of May. Estimize consensus prediction for revenue is $1,171 Million, and EPS is $1.01.
Both numbers are significantly lower than the previous quarter, but higher than the same quarter last year. Analysts expect a growth in the Earnings as well as revenue YoY
|Social Media Pulse||The stock has 5% lower chatter than usual.|