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Credit Suisse Issues a Downgrade on Michael Kors Holdings (NYSE:KORS) Shares. What’s Next?

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Investors sentiment decreased to 0.99 in Q2 2018. Its down 0.11, from 1.1 in 2018Q1. It dived, as 38 investors sold Michael Kors Holdings Limited shares while 139 reduced holdings. 57 funds opened positions while 119 raised stakes. 123.42 million shares or 6.00% more from 116.43 million shares in 2018Q1 were reported.

Aimz Inv Advisors Ltd Liability Company, a California-based fund reported 33,913 shares. Laurion Cap L P reported 52,342 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 17,541 shares. The Georgia-based Invesco Ltd has invested 0.05% in Michael Kors Holdings Limited (NYSE:KORS). Contravisory Mngmt Incorporated holds 6,739 shares or 0.16% of its portfolio. Jane Street Group Ltd Liability Corp accumulated 0.01% or 78,267 shares. D E Shaw And Incorporated invested in 0.14% or 1.60M shares. Zeke Capital Advsrs invested in 0.02% or 3,935 shares. Bluemountain Cap Mgmt Limited has invested 0.12% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Stone Ridge Asset Mngmt Limited Liability holds 0.75% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 196,960 shares. Ftb Advsrs has 0% invested in Michael Kors Holdings Limited (NYSE:KORS). Macquarie Group Ltd reported 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Quantbot Technologies Limited Partnership accumulated 15,334 shares. Mitsubishi Ufj Trust And accumulated 325,809 shares. 6.91 million were accumulated by Aqr Mngmt Lc.

Since May 24, 2018, it had 0 buys, and 9 sales for $79.88 million activity. The insider Robinson Cathy Marie sold 6,097 shares worth $387,647. 179,920 shares were sold by Kors Michael David, worth $12.84M. Shares for $794,557 were sold by McDonough Krista A on Monday, June 11.

Michael Kors Holdings (NYSE:KORS) Receives a Downgrade

Michael Kors Holdings (NYSE:KORS) was lowered by equity analysts at Credit Suisse from their past Outperform rating to a Neutral rating in a research report issued on Friday, 9 November.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 16 analysts covering Michael Kors (NYSE:KORS), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Michael Kors has $9000 highest and $61 lowest target. $76.47’s average target is 60.05% above currents $47.78 stock price. Michael Kors had 27 analyst reports since May 29, 2018 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Sunday, June 10. The rating was maintained by Canaccord Genuity on Tuesday, May 29 with “Buy”. Barclays Capital maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Thursday, August 9. Barclays Capital has “Equal-Weight” rating and $76 target. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Buy” rating by Nomura on Thursday, August 9. The rating was maintained by Citigroup on Thursday, May 31 with “Neutral”. PiperJaffray maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Thursday, May 31. PiperJaffray has “Neutral” rating and $66 target. Barclays Capital maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Thursday, May 31. Barclays Capital has “Equal-Weight” rating and $73 target. The firm earned “Buy” rating on Friday, November 2 by UBS. On Thursday, August 9 the stock rating was maintained by Canaccord Genuity with “Buy”. Deutsche Bank maintained the shares of KORS in report on Thursday, May 31 with “Buy” rating.

The stock decreased 4.61% or $2.31 during the last trading session, reaching $47.78. About 5.41 million shares traded or 113.87% up from the average. Michael Kors Holdings Limited (NYSE:KORS) has risen 71.60% since November 10, 2017 and is uptrending. It has outperformed by 55.98% the S&P500.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ’s apparel and accessories, and menÂ’s apparel. The company has market cap of $7.13 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 11.27 P/E ratio. The Retail segment is involved in the sale of womenÂ’s apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Streetinsider.com which released: “UPDATE: Credit Suisse Downgrades Michael Kors (KORS) to Neutral” on November 09, 2018, also Usatoday.com with their article: “Luxury handbag brands Michael Kors, Kate Spade, Coach resonate with teens most: A Foolish Take” published on November 06, 2018, Benzinga.com published: “Need A Reason To Buy Michael Kors? UBS Offers 8” on November 02, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Benzinga.com and their article: “Survey: Michael Kors Still The Preferred Handbag Among Teens” published on October 25, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: ArcelorMittal, Barclays, Cree, Ctrip.com, Michael Kors, PVH, Skyworks …” with publication date: November 09, 2018.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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