Trending Stock News

Contrarius Investment Management LTD Lowered Its Michael Kors Hldgs LTD (KORS) Holding; Srb Has Decreased Target (TGT) Position By $52.46 Million

Target Corporation (NYSE:TGT) Logo

Contrarius Investment Management Ltd decreased Michael Kors Hldgs Ltd (KORS) stake by 86.87% reported in 2017Q4 SEC filing. Contrarius Investment Management Ltd sold 610,139 shares as Michael Kors Hldgs Ltd (KORS)’s stock declined 2.98%. The Contrarius Investment Management Ltd holds 92,188 shares with $5.80 million value, down from 702,327 last quarter. Michael Kors Hldgs Ltd now has $10.21 billion valuation. The stock increased 1.39% or $0.92 during the last trading session, reaching $67.08. About 1.70 million shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 62.72% since May 21, 2017 and is uptrending. It has outperformed by 51.17% the S&P500.

Srb Corp decreased Target Corp (TGT) stake by 67.28% reported in 2017Q4 SEC filing. Srb Corp sold 807,017 shares as Target Corp (TGT)’s stock rose 4.77%. The Srb Corp holds 392,416 shares with $25.61 million value, down from 1.20 million last quarter. Target Corp now has $41.20B valuation. The stock increased 1.22% or $0.93 during the last trading session, reaching $76.87. About 5.01M shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since May 21, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

More notable recent Target Corporation (NYSE:TGT) news were published by: 247Wallst.com which released: “Target, Hewlett Packard Enterprise and More Earnings Coming This Week” on May 20, 2018, also Seekingalpha.com with their article: “Target’s Stock Price Malaise Is An Opportunity” published on May 15, 2018, Fool.com published: “Will Target Outshine Walmart This Week?” on May 21, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Wolfe Research upgrades Target ahead of earnings” published on May 17, 2018 as well as Benzinga.com‘s news article titled: “Trade Winds Blow Milder As Progress Cited In US Talks With China” with publication date: May 21, 2018.

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Guggenheim initiated the stock with “Neutral” rating in Friday, September 30 report. The firm has “Underperform” rating given on Wednesday, March 1 by Wolfe Research. Bernstein maintained Target Corporation (NYSE:TGT) on Thursday, December 14 with “Buy” rating. The stock has “Peer Perform” rating by Wolfe Research on Friday, April 29. Citigroup maintained Target Corporation (NYSE:TGT) rating on Thursday, May 19. Citigroup has “Buy” rating and $80 target. Credit Suisse initiated the stock with “Buy” rating in Monday, March 5 report. The firm has “Hold” rating by Zacks given on Thursday, August 20. On Tuesday, January 9 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Hold” rating on Tuesday, January 2 by Robert W. Baird. The stock of Target Corporation (NYSE:TGT) earned “Outperform” rating by Cowen & Co on Saturday, August 22.

Analysts await Target Corporation (NYSE:TGT) to report earnings on May, 23 before the open. They expect $1.38 earnings per share, up 14.05% or $0.17 from last year’s $1.21 per share. TGT’s profit will be $739.58 million for 13.93 P/E if the $1.38 EPS becomes a reality. After $1.37 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.73% EPS growth.

Since February 13, 2018, it had 0 buys, and 6 selling transactions for $44.48 million activity. IDOL JOHN D sold $9.94 million worth of stock. Benedetto M William sold $255,752 worth of Michael Kors Holdings Limited (NYSE:KORS) on Friday, February 16. Reitman Stephen F sold $406,065 worth of Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, February 13. Kors Michael David sold $15.12M worth of Michael Kors Holdings Limited (NYSE:KORS) on Friday, March 2.

Among 35 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 13 have Buy rating, 2 Sell and 20 Hold. Therefore 37% are positive. Michael Kors Holdings Ltd had 124 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $60.0 target in Friday, October 27 report. The firm has “Underweight” rating by Piper Jaffray given on Sunday, August 9. BMO Capital Markets maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Wednesday, February 7. BMO Capital Markets has “Hold” rating and $65.0 target. The stock of Michael Kors Holdings Limited (NYSE:KORS) has “Hold” rating given on Sunday, February 4 by Robert W. Baird. Canaccord Genuity maintained the shares of KORS in report on Thursday, May 12 with “Hold” rating. The firm earned “Sector Perform” rating on Thursday, September 10 by RBC Capital Markets. The rating was downgraded by Piper Jaffray to “Underweight” on Friday, August 7. Deutsche Bank maintained Michael Kors Holdings Limited (NYSE:KORS) on Wednesday, November 8 with “Hold” rating. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, January 24. The rating was initiated by BB&T Capital with “Hold” on Thursday, July 30.

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.50, from 0.94 in 2017Q3. It increased, as 36 investors sold KORS shares while 112 reduced holdings. 103 funds opened positions while 110 raised stakes. 120.12 million shares or 5.14% less from 126.63 million shares in 2017Q3 were reported. The Ohio-based Gateway Advisers Limited Liability has invested 0.12% in Michael Kors Holdings Limited (NYSE:KORS). Price T Rowe Assocs Md has 256,625 shares for 0% of their portfolio. Globeflex Lp has invested 0.09% in Michael Kors Holdings Limited (NYSE:KORS). Profund Advsrs Limited Co stated it has 3,959 shares. First Allied Advisory Serv has 0.02% invested in Michael Kors Holdings Limited (NYSE:KORS). Moreover, Sg Americas Secs has 0.04% invested in Michael Kors Holdings Limited (NYSE:KORS). Prelude Capital Mgmt Ltd reported 0.04% in Michael Kors Holdings Limited (NYSE:KORS). Engineers Gate Manager Ltd Partnership has invested 0.15% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). James Investment Rech has invested 0.11% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Advisory Service Ltd Llc holds 16,017 shares. Cipher Cap Ltd Partnership reported 6,186 shares stake. Stifel Financial reported 100,568 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 324,958 shares for 0.18% of their portfolio. Bnp Paribas Asset Management Sa invested in 0.09% or 161,967 shares. New York-based Bnp Paribas Arbitrage Sa has invested 0.02% in Michael Kors Holdings Limited (NYSE:KORS).

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” on May 17, 2018, also Investorplace.com with their article: “4 Great Stocks to Indulge in a Growing Luxury Goods Market” published on May 18, 2018, Streetinsider.com published: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” on May 15, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Nasdaq.com and their article: “Why Michael Kors Holdings Ltd Stock Slipped Today” published on May 03, 2018 as well as Businesswire.com‘s news article titled: “Michael Kors Holdings Limited Announces Reporting Date For Fourth Quarter and Fiscal 2018 Financial Results” with publication date: May 09, 2018.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on May, 30 before the open. They expect $0.59 EPS, down 19.18% or $0.14 from last year’s $0.73 per share. KORS’s profit will be $89.78M for 28.42 P/E if the $0.59 EPS becomes a reality. After $1.77 actual EPS reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -66.67% negative EPS growth.

Contrarius Investment Management Ltd increased Abercrombie & Fitch Co (NYSE:ANF) stake by 765,314 shares to 1.81M valued at $31.49 million in 2017Q4. It also upped Tripadvisor Inc (NASDAQ:TRIP) stake by 168,613 shares and now owns 1.35M shares. Vale S A (NYSE:VALE) was raised too.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

Leave a Reply

Your email address will not be published. Required fields are marked *