Michael Kors Holdings Limited Announces First Quarter Fiscal 2016 Results

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BB&T Capital Upgrades Michael Kors (KORS) to Buy

August 7, 2015 7:28 AM EDT

BB&T Capital upgraded Michael Kors (NYSE: KORS) from Hold to Buy with a price target of $58.00.

For an analyst ratings summary and ratings history on Michael Kors click here. For more ratings news on Michael Kors click here.

Shares of Michael Kors closed at $43.77 yesterday.

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Piper Jaffray Downgrades Michael Kors (KORS) to Underweight Following Q1 Results

August 7, 2015 6:39 AM EDT

Piper Jaffray downgraded Michael Kors (NYSE: KORS) from Neutral to Underweight and maintained a price target of $38.00 following Q1 results, saying estimates are still in the process of retrenching.

Analyst Erinn Murphy commented, "While the headline news for KORS yesterday was better with a... More

Michael Kors (KORS) Tops Q1 EPS by 11c; Guides FY16 Ahead of Views

August 6, 2015 7:04 AM EDT

Michael Kors (NYSE: KORS) reported Q1 EPS of $0.87, $0.11 better than the analyst estimate of $0.76. Revenue for the quarter came in at $986 million versus the consensus estimate of $946.76 million.

Retail net sales increased 9.0% to $523.3 million driven by 107 net new store openings since... More