Robert W. Baird Keeps a Hold Rating on Michael Kors

By Jason Carr

In a report issued on December 21, Mark Altschwager from Robert W. Baird reiterated a Hold rating on Michael Kors (NYSE: KORS), with a price target of $58. The company’s shares closed yesterday at $63.40, close to its 52-week high of $64.25.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Michael Kors has an analyst consensus of Moderate Buy, with a price target consensus of $59.80.

The company has a one-year high of $64.25 and a one-year low of $32.38. Currently, Michael Kors has an average volume of 2.33M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Pascale Meyran, the SVP HR of KORS sold 6,835 shares for a total of $410,168.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 bearing the Michael Kors trade name. The company operates its business through three segments: Retail, Wholesale and Licensing.