Michael Kors (KORS) Tops Q3 EPS by 15c, Comps Miss, Updates Guidance
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Michael Koors (KORS) Retains Buy Rating at Nomura as EPS Growth Remains Strong at ~33%
February 9, 2015 10:58 AM ESTSimeon Siegel, analyst at Nomura, kept his Buy rating on Michael Kors (NYSE: KORS) while trimming his price target from $96 to $103 versus the current price of $72. The analyst noted the EPS growth rate of ~33% should be taken into consideration. At just ~15x CY15 EPS... More
Michael Kors (KORS) Bears Should 'Take Cover', Says Goldman Sachs
February 6, 2015 10:11 AM ESTGoldman Sachs maintained a Buy rating on Michael Kors (NYSE: KORS) and raised its price target to $96.00 (from $95.00). FY15/16 EPS estimates were raised to $4.32/4.82 (from $4.20/4.78). Analyst Lindsay Drucker Mann said Q3 reaffimed its business was on solid footing, and she advised bears to "take... More
Buy Michael Kors (KORS) Weakness, Says Topeka Capital
February 5, 2015 1:18 PM ESTTopeka Capital maintained a Buy rating on Michael Kors (NYSE: KORS) with a price target of $120. Comments follow Q3 results and guidance. Analyst Dorothy S. Lakner thinks its growth story is intact and she recommends buying weakness. Promotional and inventory concerns are overdone, in her view, and lower guidance was tied mainly to FX.
"North American comps in constant currency were 6.8% and yes, less than in previous quarters, but on top of 11.8% last year. In addition, unlike most companies we cover which include... More
