Robert W. Baird Reiterates a “Hold” Rating on Michael Kors (KORS) and $62.0 Target; Blackrock Utility & Infrastructure Trust Has 1.38 Sentiment

The stock increased 0.38% or $0.08 during the last trading session, reaching $21.23. About 2,088 shares traded. BlackRock Utility and Infrastructure Trust (BUI) has risen 14.44% since January 22, 2017 and is uptrending. It has underperformed by 2.26% the S&P500.

Among 34 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 10 have Buy rating, 2 Sell and 22 Hold. Therefore 29% are positive. Michael Kors Holdings Ltd has $75.0 highest and $26 lowest target. $50.79’s average target is -23.45% below currents $66.35 stock price. Michael Kors Holdings Ltd had 102 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, June 12, the company rating was maintained by Canaccord Genuity. The rating was initiated by BB&T Capital with “Hold” on Thursday, July 30. The rating was reinitiated by Goldman Sachs on Tuesday, December 5 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Thursday, August 10. The firm has “Outperform” rating given on Tuesday, September 19 by Oppenheimer. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Hold” rating by Piper Jaffray on Friday, June 9. The rating was downgraded by Piper Jaffray to “Underweight” on Sunday, August 9. The stock has “Neutral” rating by Piper Jaffray on Monday, August 3. On Friday, October 6 the stock rating was maintained by Buckingham Research with “Neutral”. The company was downgraded on Monday, October 26 by Cowen & Co.

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.24, from 0.7 in 2017Q2. It is positive, as 35 investors sold Michael Kors Holdings Limited shares while 122 reduced holdings. 55 funds opened positions while 92 raised stakes. 126.63 million shares or 2.37% more from 123.70 million shares in 2017Q2 were reported. Johnson Finance Group Incorporated holds 0.07% or 10,420 shares in its portfolio. 404,856 were accumulated by Nordea Inv Mngmt. Aimz Investment Advsrs Ltd Co stated it has 1.09% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Nuveen Asset Mgmt Limited Liability has 251,553 shares for 0.08% of their portfolio. Ing Groep Nv stated it has 0.01% in Michael Kors Holdings Limited (NYSE:KORS). State Of Wisconsin Investment Board invested 0.02% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Swiss Bank & Trust accumulated 0.03% or 578,900 shares. Sector Pension Invest Board has invested 0% in Michael Kors Holdings Limited (NYSE:KORS). Spectrum Mngmt Group holds 0.01% or 800 shares in its portfolio. 878 are held by Clearbridge Invests Ltd Llc. Sandy Spring Natl Bank reported 4,400 shares or 0.02% of all its holdings. Winfield Assoc Inc holds 0.01% or 399 shares in its portfolio. Fincl Bank Of Nova Scotia holds 0.04% or 152,786 shares in its portfolio. Envestnet Asset Mgmt Inc accumulated 8,531 shares or 0% of the stock. 54,000 are owned by Andra Ap.

Michael Kors Holdings Limited design, markets, distributes, and retails branded womenÂ’s apparel and accessories, and menÂ’s apparel. The company has market cap of $10.09 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 18.45 P/E ratio. The Retail segment is involved in the sale of womenÂ’s apparel; men's apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

The stock increased 0.74% or $0.49 during the last trading session, reaching $66.35. About 316,201 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since January 22, 2017 and is downtrending. It has underperformed by 27.24% the S&P500.