The SVP HR of Michael Kors is Exercising Options

By Carrie Williams

Today, the SVP HR of Michael Kors, Pascale Meyran, exercised options of Michael Kors for $410.2K.

In addition to Pascale Meyran, 2 other KORS executives reported Sell trades in the last month.

Based on Michael Kors’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.15 billion and quarterly net profit of $203 million. In comparison, last year the company earned revenue of $1.09 billion and had a net profit of $161 million. The company has a one-year high of $62.10 and a one-year low of $32.38. KORS’s market cap is $9.4B and the company has a P/E ratio of 16.98.

Based on 16 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.47, reflecting a 7.1% upside. 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 31 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.