Company Watch: Michael Kors Holdings Ltd (NYSE:KORS)

[The Motley Fool] Michael Kors Holdings Ltd (NYSE:KORS) was downgraded by Credit Suisse last week. Specifically, Credit Suisse analyst Christian Buss lowered his rating on Michael Kors stock to neutral from outperform, while simultaneously reducing his 12-month per-share price target to $79 from $103. Even so, and keeping in mind the broader market also plunged yet again today, Buss’ new target also represents a roughly 20% premium from Michael Kors’ current share price at below $66. To view the full article click here.

Michael Kors Holdings Ltd (NYSE:KORS), On 11/4/2014, KORS reported 2 quarter 2015 earnings of $1.00 per share. This result beat the $0.89 consensus of the 23 analysts covering the company and beat last year’s 2 quarter results by 40.85%. The next earnings announcement is expected on 02/02/2015.

KORS’s PE ratio is below the Apparel/Accessories industry average and signals that investors are not willing to pay a premium for this stock. However, during the past year, earnings growth has lagged its historical five year growth rate.

Michael Kors Holdings Ltd (KORS)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are twenty eight analysts that cover the stock which have provided Q3 2015 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $1.33. The highest estimate is $1.37 while the lowest is $1.29. The company has a one year EPS growth rate of 63.05% and a five year EPS growth rate of 126.80%.

Michael Kors Holdings Ltd (KORS) is a global lifestyle brand . The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude. The Company is an American sportswear house to a global accessories, footwear and apparel company with a presence in over 85 countries. Its segments include retail, wholesale and licensing. It is focused on retail stores, department stores, specialty stores and select licensing partners. As of March 30, 2013, its retail segment included 231 North American retail stores, including concessions, and 73 international retail stores, including concessions, in Europe and Japan. As of March 30, 2013, its wholesale segment included wholesale sales through approximately 2,215 department store and specialty store doors in North America and wholesale sales through approximately 1,034 department store and specialty store doors internationally.