Michael Kors (KORS): Don't Fall for the Seemingly Low Valuation - Cannacord Genuity

Wedbush Raises price Target on Michael Kors (KORS) Following 4Q Report

Wedbush reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $46.00 (from $43.00), following the company's 4Q earnings report. KORS reported an EPS of $0.98, a penny above Wedbush's estimates. The results were driven by better than expected sales and gross margin. The company's 1Q non-GAAP EPS guidance of... More

Michael Kors (KORS) Raising PT to $69 - Piper Jaffray

Piper Jaffray analyst, Erinn Murphy raised her PT on Michael Kors (NYSE: KORS) to $69 (from $67) after Q4 results came in ahead of expectations. No change to Overweight rating.

The Q1 guide disappointed due to pressures in domestic mall traffic and the decision to... More

Mizuho Securities Remains Sidelined on Michael Kors (KORS) Following 4Q EPS Beat

Mizuho Securities reiterated a Neutral rating and $50.00 price target on Michael Kors (NYSE: KORS) following the company's 4Q earnings report. KORS reported an EPS of $0.98, beating the Streets $0.97 estimate. Mizuho decided to adjust its 1Q EPS estimates to $0.72 from $0.94 reflecting global comps of (5)%,... More

Michael Kors (KORS) Tops Q4 EPS by 1c; Completes Greater China Licensee Purchase; Approves $1B Stock Buyback

Michael Kors (NYSE: KORS) reported Q4 EPS of $0.98, $0.01 better than the analyst estimate of $0.97. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.15 billion.

The Company completed the acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China and certain other jurisdictions in Asia, on May 31, 2016, for $500 million in cash, subject to certain adjustments. The acquisition was approved by the independent members of the Companys board of directors, upon... More