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As First Financial (THFF) Market Value Declined, Shareholder Wedge Capital Management L LP Lifted Stake; Michael Kors Holdings LTD (KORS) Holder Lipe & Dalton Lowered Its Position by $1.37 Million as Share Value Rose

Michael Kors Holdings Limited (NYSE:KORS) Logo

Wedge Capital Management L LP increased its stake in First Financial Corporation (THFF) by 27.31% based on its latest 2018Q1 regulatory filing with the SEC. Wedge Capital Management L LP bought 7,592 shares as the company’s stock declined 2.79% with the market. The institutional investor held 35,392 shares of the major banks company at the end of 2018Q1, valued at $1.47M, up from 27,800 at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in First Financial Corporation for a number of months, seems to be bullish on the $532.48 million market cap company. The stock increased 0.72% or $0.31 during the last trading session, reaching $43.45. About 12,993 shares traded. First Financial Corporation (NASDAQ:THFF) has declined 3.61% since June 14, 2017 and is downtrending. It has underperformed by 16.18% the S&P500. Some Historical THFF News: 16/05/2018 – CincinnatiBusCou: EXCLUSIVE: First Financial names lead independent director; 12/04/2018 – SYNCOM FORMULATIONS (INDIA) LTD SYFI.BO SAYS CO GOT SEBI ORDER ON APRIL 11 IN MATTER OF FIRST FINANCIAL SERVICES; 16/05/2018 – First Fincl Corp Declares Semi-Annual Div; 16/05/2018 – First Financial Corporation Declares Semi-Annual Dividend; 16/05/2018 – Cincinnati Business Courier: EXCLUSIVE: First Financial names lead independent director; 06/03/2018 COMMUNITIES FIRST FINANCIAL CORPORATION ANNOUNCES SUCCESSION PLANS: DAVID N. PRICE TO RETIRE AS CHAIRMAN, SUCCEEDED BY MARK SALEH; 16/05/2018 – First Financial (Indiana): Declared Semi-Annual Div of 51 Cents a Shr; 24/04/2018 – First Financial (Indiana) 1Q EPS 73c; 22/04/2018 – DJ First Financial Corporation, Inst Holders, 1Q 2018 (THFF); 12/04/2018 – Communities First Financial Corporation Earnings Increase 75% for 1Q18, from 1Q17; Pre-Tax Earnings Up 43%

Lipe & Dalton decreased its stake in Michael Kors Holdings Ltd (KORS) by 25.55% based on its latest 2018Q1 regulatory filing with the SEC. Lipe & Dalton sold 22,095 shares as the company’s stock rose 5.76% while stock markets declined. The institutional investor held 64,370 shares of the apparel company at the end of 2018Q1, valued at $4.00M, down from 86,465 at the end of the previous reported quarter. Lipe & Dalton who had been investing in Michael Kors Holdings Ltd for a number of months, seems to be less bullish one the $9.88B market cap company. The stock decreased 1.26% or $0.84 during the last trading session, reaching $65.98. About 798,115 shares traded. Michael Kors Holdings Limited (NYSE:KORS) has risen 87.39% since June 14, 2017 and is uptrending. It has outperformed by 74.82% the S&P500. Some Historical KORS News: 30/05/2018 – Disappointing outlook takes shine off Michael Kors results; 30/05/2018 – Michael Kors Tops Estimates, CEO Still Open To Acquisitions — MarketWatch; 30/05/2018 – MICHAEL KORS 4Q ADJ EPS 63C, EST. 60C; 18/04/2018 – CGTN: Exclusive interview: fashion designer Michael Kors “walks” and “talks” in Shanghai #MichaelKors…; 30/05/2018 – MICHAEL KORS HOLDINGS – FOR MICHAEL KORS, EXPECT GROWTH TO BE LED BY RETAIL BUSINESS IN FISCAL 2019; 02/04/2018 – Kors Signs Pro Golfer Charl Schwartzel as First Golf Brand Ambassador; 30/05/2018 – MICHAEL KORS 4Q EPS 29C, EST. 60C; 13/03/2018 – MICHAEL KORS HOLDINGS LTD KORS.N : CREDIT SUISSE INITIATES WITH OUTPERFORM, $75 TARGET PRICE; 30/05/2018 – MICHAEL KORS HOLDINGS QTRLY TOTAL REV INCLUDES $107.9 MLN CONTRIBUTION FROM JIMMY CHOO; 13/03/2018 – CORRECTED-THIN FILM ELECTRONICS ASA THIN.OL – CONSENSUM (ADDS CO) ENTERED INTO AN AGREEMENT WITH SANKT KORS FASTIGHETS FOR USE OF R2R EQUIPMENT AND FACILITIES

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 135 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, May 31 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Deutsche Bank upgraded the stock to “Buy” rating in Monday, April 23 report. The company was upgraded on Tuesday, November 7 by M Partners. The rating was maintained by Telsey Advisory Group on Wednesday, February 3 with “Market Perform”. On Friday, October 6 the stock rating was maintained by Buckingham Research with “Neutral”. Piper Jaffray upgraded the shares of KORS in report on Wednesday, April 27 to “Overweight” rating. Wells Fargo reinitiated the shares of KORS in report on Thursday, October 22 with “Market Perform” rating. The stock has “Buy” rating by Deutsche Bank on Thursday, May 31. RBC Capital Markets maintained Michael Kors Holdings Limited (NYSE:KORS) on Wednesday, February 7 with “Hold” rating. Barclays Capital maintained Michael Kors Holdings Limited (NYSE:KORS) rating on Tuesday, November 7. Barclays Capital has “Equal-Weight” rating and $58 target.

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: 247Wallst.com which released: “Retail Sales Are On Fire – 5 Top Stocks To Buy Now” on June 14, 2018, also Seekingalpha.com with their article: “Michael Kors: The Numbers Look Good” published on May 25, 2018, Seekingalpha.com published: “Michael Kors: Correction Offers An Opportunity To Accumulate” on June 05, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Michael Kors Beats Q4 Estimates” published on May 30, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Unilever, Fibria Celulose SA, Michael Kors, Tuniu, ADT, and Alamos …” with publication date: June 07, 2018.

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.34, from 1.44 in 2017Q4. It dived, as 36 investors sold KORS shares while 132 reduced holdings. 58 funds opened positions while 126 raised stakes. 116.43 million shares or 3.07% less from 120.12 million shares in 2017Q4 were reported. Dnb Asset As has invested 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Goldman Sachs Group, a New York-based fund reported 3.47 million shares. Federated Invsts Pa holds 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 21,612 shares. Brinker invested 0.03% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Bnp Paribas Arbitrage owns 144,955 shares. Signaturefd Ltd Liability Company owns 0.01% invested in Michael Kors Holdings Limited (NYSE:KORS) for 892 shares. Korea reported 0.05% stake. Invesco Limited stated it has 2.70M shares. State Of Tennessee Treasury Department stated it has 61,702 shares or 0.02% of all its holdings. Great West Life Assurance Can reported 472,571 shares stake. Stratos Wealth Ptnrs Limited has invested 0.03% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Livforsakringsbolaget Skandia Omsesidigt reported 0.02% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). 101 are held by Dreman Value Management L L C. Toth Advisory Corporation holds 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS) for 100 shares. Parkside Fin Bankshares And Trust has 30 shares.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on August, 14. They expect $0.94 EPS, up 17.50% or $0.14 from last year’s $0.8 per share. KORS’s profit will be $140.72M for 17.55 P/E if the $0.94 EPS becomes a reality. After $0.63 actual EPS reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts 49.21% EPS growth.

Since February 13, 2018, it had 0 insider purchases, and 9 insider sales for $55.90 million activity. IDOL JOHN D had sold 150,000 shares worth $10.23 million. Another trade for 12,100 shares valued at $794,557 was sold by McDonough Krista A. 4,000 shares were sold by Benedetto M William, worth $255,752. Robinson Cathy Marie also sold $387,647 worth of Michael Kors Holdings Limited (NYSE:KORS) shares. Kors Michael David had sold 246,590 shares worth $15.12 million.

Wedge Capital Management L L P, which manages about $10.84 billion and $10.42 billion US Long portfolio, decreased its stake in Archer (NYSE:ADM) by 10,395 shares to 191,866 shares, valued at $8.32M in 2018Q1, according to the filing. It also reduced its holding in Sp Plus Corporation (NASDAQ:SP) by 28,852 shares in the quarter, leaving it with 437,705 shares, and cut its stake in Vectren Corporation (NYSE:VVC).

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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