Michael Kors Holdings Ltd (NYSE:KORS) a Hold: Sterne Agee

In a research note issued to investors, Ike Boruchow at Sterne Agee Reiterated their Hold rating on Michael Kors Holdings Ltd (NYSE:KORS). The analyst placed a $76.00 price target on the stock which indicates a 5.56% upside to the last closing price. In the year following Boruchow’s ratings, the stocks covered yield an average return of 16.50% according to TipRanks.com. In the past year 21 out of 27 recommendations or 78% were successful.

Michael Kors Holdings Ltd (NYSE:KORS), an NYSE listed company, has a current market cap of 14.413B and on average over the past 3 months has seen 3952650 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 71.0588. Based on a recent trade, this puts the equity at +1.32% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -28.74% away from it’s 52-week high of 101.04 and +10.60% away from the stock’s low point over the past 52 weeks, which was 65.10. On a consensus basis, analysts have a one year target price of 87.17. The company last reported earnings per share of 4.16.

The consensus analyst estimates according to First Call for the next quarter is 1.06. The current year EPS estimate on the stock is 4.29 and the EPS estimate for next year sits at 4.80. In looking at the fundamentals, KORS has a P/E ratio of 17.31 and a price to book ratio of 6.70. The company’s Book Value is 10.748 and most recently reported EBITDA of 1.373B. The price compared to next year’s EPS estimate in the current year is 15.00.

Company Profile

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.