Guggenheim Reaffirms Their Hold Rating on Michael Kors (KORS)

By Austin Angelo

Guggenheim analyst Robert Drbul maintained a Hold rating on Michael Kors (NYSE: KORS) today. The company’s shares opened today at $68.01.

According to TipRanks.com, Drbul is a top 100 analyst with an average return of 17.8% and a 75.9% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Lululemon Athletica Inc, and Ascena Retail Group.

Michael Kors has an analyst consensus of Moderate Buy, with a price target consensus of $80.69, which is a 18.6% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock.

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Michael Kors’ market cap is currently $9.95B and has a P/E ratio of 15.74. The company has a Price to Book ratio of 4.98.

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Michael Kors Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates its business through three segments: Retail, Wholesale and Licensing.