Analyst Ratings for Michael Kors Holdings Ltd. (KORS)Updated: 2017-07-26
Analysts covering Michael Kors Holdings Ltd. (NYSE:KORS) have given it a consensus rating of Hold. About 30 days ago, KORS was issued an average rating of Hold.
Of the 23 analysts covering the stock, 3 gave it a buy rating, 0 issued an overweight rating, 18 issued a hold rating, 0 gave an underweight rating, and 2 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 2.
KORS was given price targets by several analysts. The maximum price target given was 60, which equates to a potential upside of 71.38 percent. The most pessimistic analyst gave a price target of 26, implying potential capital losses of -25.74 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.82 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -21.41 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.14 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -11.44 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of KORS to grow at a rate of 9.66 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of KORS is 1.12.
KORS has a 52-week high of 53.29 and a 52-week low of 32.38. Today's price is 8.12 percent above the 52-week low, and 34.3 percent below the high. KORS has a P/E ratio of 10.78. Investors typically compare the P/E ratio to a company's peers in the industry. The KORS value stock report compares KORS to some of its peers using value stock charts. The stock has a market capitalization of $5.44 billion. KORS will post this quarters earnings in days, on 0000-00-00.