The stock price have dropped -17.47% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -18.09%. The average true range of the stock is observed at 1.11 and the relative strength index of the stock is recorded at 39.43. Michael Kors Holdings Limited had a net margin of 16.94% and a return on equity of 42.50%.
Meanwhile, revenue in Asia increased 89.1 percent, or 84 percent constant-currency, to $112.3 million, largely driven by the company's acquisitions of the Greater China and South Korea operations.
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Michael Kors Holdings wasn't one of them!
The company said weakness in the two regions, which together account for almost all of Michael Kors' sales, would continue through spring, partly due to lower traffic in shopping malls and a cutback in promotions in North America. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.35%. Michael Kors Holdings Limited's revenue for the quarter was down 3.7% compared to the same quarter a year ago. Sales growth past 5 years was measured at 42.50%.
On Monday, shares of upscale retailer Michael Kors Holdings Limited KORS are plummeting, down around 13% in mid-morning trading after reporting third quarter fiscal 2017 financial results. The difference between Actual EPS and Estimated EPS was 0.07 Percent. Analyst had a consensus of $0.88.
The company reported that its Q3 revenues slipped 3.2 percent, to $1.35 billion, missing analysts' forecasts for revenues totaling $1.36 billion.
For the fourth quarter, Michael Kors forecast total revenue between $1.035 billion and $1.055 billion and expects comparable sales to decline in the low-teens range. Michael Kors Holdings Ltd was Downgraded by Morgan Stanley to Equal-Weight on Nov 14, 2016.
The number of Michael Kors Holdings Ltd shares in issue is 164,013,000 which have a current share price of 36.65 bringing Michael Kors Holdings Ltd's market capitalisation to 6.01B Dollars. The stock opened for trading at $40.85 and hit $41.55 on the upside, eventually ending the session at $41.02, with a gain of 0.32% or 0.13 points. As of Dec 31, 2016, the company still had $250 million remaining under its share buyback program.
Michael Kors said average selling prices in the third quarter were hurt by a highly promotional environment as well as the continued popularity of cheaper cross-body bags and small leather goods in the third quarter.
Michael Kors is a global accessories, footwear and apparel company.
Kate Spade now trades at 11.4 times enterprise value to Ebitda and Michael Kors trades at 5.6 times EV/Ebitda, according to FactSet data.
Sure, you could already place orders for pickup using the mobile Starbucks app, but now you don't even need to open your phone. Late previous year , Starbucks previewed the voice ordering service at the company's investor day presentation.
The Next Year EPS growth is 1.3%, Long term annual growth estimate of 6.87%, Annual EPS growth past 5 years of -6.95 percent. Ralph Lauren Corporation (NYSE:RL) announced that Stefan Larsson , President and CEO, will depart from the company on May 1.
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Usually, the Patriots suss out their opponent and strike in the second quarter, but the Falcons can keep them off the field. Last year, the Broncos had Von Miller, who terrorized Brady and then terrorized Cam Newton en route to a Super Bowl MVP.
In a joint statement made with South Carolina's Lindsey Graham, John McCain blasted Trump's executive order as improperly vetted. It also blocks refugees from entering the country for 120 days; refugees from Syria are barred indefinitely.
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Dudley added: "With our Deepwater Horizon financial liabilities now substantially behind us, BP is fully focused on the future". Everything we have done during the year has made us a more resilient and competitive company.
US, Mexico speak to mend rift over wall
"It was a very, very friendly call", Trump told a joint news conference with visiting British Prime Minister Theresa May. President Donald Trump said Wednesday that construction of his promised U.S. -Mexico border wall will begin "in months".