Michael Kors Is the Latest Fashion Label to Go Fur

Reviewing the Current Circumstance for Baxter International Inc. (BAX), Michael Kors Holdings Limited (KORS)

Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 61,070 shares. Victory Cap Mgmt reported 2,685 shares or 0% of all its holdings. Cibc Mkts Corp has invested 0.01% in Michael Kors Holdings Limited (NYSE:KORS). Financial Bank Of Nova Scotia reported 0.04% in Michael Kors Holdings Limited (NYSE:KORS). Country Tru Commercial Bank owns 69 shares or 0% of their United States portfolio.

ILLEGAL ACTIVITY WARNING: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. 94,958 are owned by South Dakota Council. Arrowgrass Capital Ptnrs (Us) Limited Partnership stated it has 7,138 shares or 0% of all its holdings. Vanguard Group Inc. increased its stake in shares of Michael Kors Holdings Limited by 1.7% in the first quarter. Nine Masts Capital invested 0.05% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Glenmede Trust Communications Na holds 0.02% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 133,310 shares. Archford Capital Strategies Limited Liability Company invested in 1 shares or 0% of the stock. Michael Kors Holdings Limited is publicly listed on the New York Stock Exchange under the ticker KORS. The 9 months bullish chart indicates low risk for the $9.37B company. Also, the Hold rating count is 1, as of 14 Dec 2017. After the latest check-in, company stock is -0.65% off of the 50 day high and 32.54% away from the 50 day low price. The share price was last seen 0.51% higher, reaching at $61.41 on 12/14/2017. KORS trades with a P/S ratio of 2.06. Michael Kors Holdings Limited (NYSE:KORS) last issued its earnings results on Wednesday, May 31st. It has underperformed by 27.24% the S&P500.

Humane Society International's President Kitty Block, said: "Killing animals for fur is cruel and outdated, and so it's hugely exciting to see forward-looking fashion designers such as Michael Kors take fur out of their collections". To measure price-variation, we found KORS's volatility during a week at 1.84% and during a month it has been found around 1.8%. KORS's profit will be $191.61M for 12.22 P/E if the $1.26 EPS becomes a reality. The lifestyle brand reported $1.33 EPS for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.50. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Therefore 27% are positive. Piper Jaffray Companies set a $46.00 price target on Michael Kors and gave the company a hold rating in a research note on Tuesday, August 8th.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. As per Friday, September 30, the company rating was initiated by Guggenheim. The stock has "Equal-Weight" rating by Morgan Stanley on Monday, November 14. The company has a market cap of $9,291.28, a price-to-earnings ratio of 13.58, a PEG ratio of 2.06 and a beta of 0.12.

Michael Kors Holdings Limited (NYSE:KORS) soared 42.88% year-to-date. The firm has "Neutral" rating by Goldman Sachs given on Thursday, August 11. Canaccord Genuity has "Buy" rating and $67 target. The company was maintained on Tuesday, November 7 by Telsey Advisory Group. The company presently has an average rating of Hold and a consensus price target of $51.84. PiperJaffray downgraded the shares of KORS in report on Tuesday, January 3 to "Neutral" rating. Michael Kors Holdings Limited had a return on equity of 41.00% and a net margin of 12.38%.

The American fashion house announced today that it will no longer use animal fur in any of its products. KORS's total short interest was 11.50 million shares in December as published by FINRA.

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women's apparel and accessories and men's apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The firm operates in three divisions: Retail, Wholesale, and Licensing.

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