http://www.americanbankingnews.com/getthestreet reiterated their hold rating on shares of Michael Kors Holdings Ltd (NASDAQ: KORS) in a research report sent to investors on Wednesday morning.
“Michael Kors Holdings (KORS) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and robust revenue growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.”
,” the firm’s analyst wrote.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen initiated coverage on shares of Michael Kors Holdings Ltd in a research note to investors on Tuesday. They set an outperform rating on the stock. Separately, analysts at Citigroup upgraded shares of Michael Kors Holdings Ltd to a top pick rating in a research note to investors on Wednesday, February 20th. Finally, analysts at ISI Group raised their price target on shares of Michael Kors Holdings Ltd from $70.00 to $80.00 in a research note to investors on Thursday, February 14th. They now have a strong-buy rating on the stock.
Twelve analysts have rated the stock with a buy rating, one has given an overweight rating, and one has issued a hold rating to the stock. The stock presently has an average rating of buy and a consensus price target of $74.36.
Shares of Michael Kors Holdings Ltd traded down 0.29% during mid-day trading on Wednesday, hitting $59.11. Michael Kors Holdings Ltd has a one year low of $35.50 and a one year high of $65.10. The stock’s 50-day moving average is currently $57.34. The company has a market cap of $11.798 billion and a P/E ratio of 34.75.
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