Michael Kors Holdings Limited Announces Third Quarter Fiscal 2018 Results

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Michael Kors (KORS) PT Raised to $80 at Goldman Sachs

February 8, 2018 8:10 AM EST

Goldman Sachs raised its price target on Michael Kors (NYSE: KORS) to $80.00 (from $77.00) while maintaining a Buy rating. KORS reported 3Q18 N Am comps that were relatively consistent with 2Q18 but with much better gross margins.

4Q18 goes up against the... More

Michael Kors (KORS) PT Raised to $71 at Cowen

February 8, 2018 6:48 AM EST

Cowen raised its price target on Michael Kors (NYSE: KORS) to $71.00 (from $68.00) while maintaining a Market Perform rating.

Analyst Oliver Chen commented, "Less negative than expected comps (-3.2% vs. streets -5.9%) also drove overall gross margin upside (+190bps vs. Streets +80bps). New merchandise... More

Michael Kors (KORS) PT Raised to $75 at Needham & Company

February 8, 2018 5:56 AM EST

Needham & Company raised its price target on Michael Kors (NYSE: KORS) to $75.00 (from $69.00) while maintaining a Buy rating.

Analyst Rick Patel commented, "F3Q18 results beat across the board and Kors turnaround remains on track, as we see... More

Michael Kors (KORS) PT Raised to $90 at Oppenheimer

February 7, 2018 1:57 PM EST

Oppenheimer raised its price target on Michael Kors (NYSE: KORS) to $90.00 (from $74.00) while maintaining a Outperform rating.

... More

Michael Kors (KORS) PT Raised to $90 at Jefferies

February 7, 2018 10:57 AM EST

Jefferies raised its price target on Michael Kors (NYSE: KORS) to $90.00 (from $75.00) while maintaining a Buy rating.

... More

Michael Kors (KORS) Tops Q3 EPS by 48c, Revenue Beats

February 7, 2018 6:58 AM EST

Michael Kors (NYSE: KORS) reported Q3 EPS of $1.77, $0.48 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.38 billion.

GUIDANCE:

Michael Kors sees Q4 2018 EPS of $0.50-$0.55, versus the consensus of... More