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, implying potential capital gains of 71.38 percent. The lowest price target was 26, implying potential capital losses of -25.74 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.82 percent. That number becomes -21.41 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
KORS has an estimated earnings growth rate of 9.66 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. KORS has a PEG ratio of 1.12.
In the trailing 52-weeks, KORS hit 53.29 at the highest peak, while it's lowest trading point was 32.38. The current market price is above the trailing year's low by 8.12 percent, and 34.3 percent below the high. KORS has a price/earnings 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 market cap of KORS is $5.44 billion. KORS's next earnings release will be on 0000-00-00, which is days away.