HRT Financial LLC Takes $216,000 Position in Michael Kors Holdings Ltd (NYSE:KORS)

HRT Financial LLC purchased a new stake in shares of Michael Kors Holdings Ltd (NYSE:KORS) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,704 shares of the lifestyle brand’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KORS. IFM Investors Pty Ltd increased its stake in shares of Michael Kors by 3.5% during the fourth quarter. IFM Investors Pty Ltd now owns 8,891 shares of the lifestyle brand’s stock valued at $337,000 after purchasing an additional 301 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Michael Kors by 13.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,695 shares of the lifestyle brand’s stock worth $216,000 after purchasing an additional 683 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in Michael Kors by 332.5% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,146 shares of the lifestyle brand’s stock worth $43,000 after purchasing an additional 881 shares during the last quarter. Fort L.P. raised its position in Michael Kors by 51.3% in the fourth quarter. Fort L.P. now owns 2,687 shares of the lifestyle brand’s stock worth $102,000 after acquiring an additional 911 shares during the period. Finally, Rational Advisors LLC raised its position in Michael Kors by 1,870.7% in the fourth quarter. Rational Advisors LLC now owns 1,143 shares of the lifestyle brand’s stock worth $43,000 after acquiring an additional 1,085 shares during the period. Hedge funds and other institutional investors own 86.89% of the company’s stock.

The company has a quick ratio of 0.71, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. Michael Kors Holdings Ltd has a 1-year low of $35.68 and a 1-year high of $75.96. The firm has a market cap of $7.39 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.22 and a beta of 0.49.

Separately, Wells Fargo & Co decreased their price target on shares of Michael Kors from $50.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.21.

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Michael Kors Company Profile

Michael Kors Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Institutional Ownership by Quarter for Michael Kors (NYSE:KORS)

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