The Hon Chair & Chief Creative Off of Michael Kors is Exercising Options

By Carrie Williams

Today, the Hon Chair & Chief Creative Off of Michael Kors, Michael David Kors, exercised options of Michael Kors for $15.12M. The options were close to expired and Michael David Kors disposed stocks.

In addition to Michael David Kors, 2 other KORS executives reported Sell trades in the last month.

Based on Michael Kors’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.44 billion and quarterly net profit of $219 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $271 million. The company has a one-year high of $69.95 and a one-year low of $32.38. KORS’s market cap is $9.41B and the company has a P/E ratio of 18.09.

Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $74.62, reflecting a -17.0% downside. Five different firms, including Barclays and Citigroup, currently also have a Sell rating on the stock.

The insider sentiment on Michael Kors has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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