Michael Kors Holdings Limited (NYSE:KORS) Position Decreased by Candriam Luxembourg SCA

A pedestrian passes a Michael Kors store in New York

Scott Mlyn | CNBC A pedestrian passes a Michael Kors store in New York

Ltd. increased its position in Michael Kors Holdings Limited by 0.5% in the first quarter.

Despite the sheer size of Tuesday's pop, it's not too late to get into the KORS trade. The 50-day moving average has been a decent proxy for the downtrend in 2017.

Shares were up 15% in premarket trading to $42.84, though they remain well below their all-time highs of around $100 three years ago. In the meantime, buyers are clearly back in control of shares this summer.

Shares of Coach have climbed 37% since the beginning of the year and 13% since the day before it announced its $2.4 billion deal to buy rival handbag and apparel maker Kate Spade on May 8. Vanguard Group Inc. now owns 16,619,469 shares of the lifestyle brand's stock worth $633,368,000 after buying an additional 284,826 shares in the last quarter.

Michael Kors fall '17 collection. In last 4 months performance of KMI was 0.00% while its price to sale ratio is 3.34 and price to book ratio is 1.28. Maybe even more importantly, the technical picture has completely changed, thanks to the momentum reversal that's happening today. The company's revenue for the quarter was down 11.2% compared to the same quarter a year ago. Cibc Asset Mngmt owns 0% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 13,066 shares.

US fashion accessories maker Michael Kors Holdings Ltd posted a better-than-expected quarterly profit and revenue on Tuesday and lifted its annual revenue forecast. $156.29's average target is -1.45% below currents $158.59 stock price. Spot Trading Ltd Liability owns 0.08% invested in Michael Kors Holdings Ltd (NYSE:KORS) for 81,941 shares. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Market Perform" rating given on Wednesday, February 8 by Telsey Advisory Group. For the quarter, shares have been noted at 29.58%.

The online home decor company reported a $38.9 million loss (45 cents per share), down more than 19% year-over-year. The stock of Michael Kors Holdings Ltd (NYSE:KORS) has "Sell" rating given on Wednesday, October 7 by Citigroup.

Among 10 analysts covering Qunar Cayman Islands Limited (NASDAQ:QUNR), 3 have Buy rating, 2 Sell and 5 Hold. Creative Planning now owns 5,005 shares of the lifestyle brand's stock valued at $181,000 after buying an additional 1,180 shares in the last quarter. Bank of Nova Scotia increased its position in Michael Kors Holdings Limited by 5,697.0% in the first quarter. Capstone Asset Management Company who had been investing in Michael Kors Hldgs Ltd Shs for a number of months, seems to be bullish on the $7.05 billion market cap company. Schroder Inv Management Grp Inc has invested 0.14% in Michael Kors Holdings Ltd (NYSE:KORS). Stock buyback plans are usually an indication that the company's board believes its shares are undervalued. Thrivent Financial for Lutherans increased its position in Michael Kors Holdings Limited by 3.5% in the fourth quarter. This repurchase authorization allows the lifestyle brand to reacquire up to 18.6% of its shares through open market purchases. First Heartland Consultants Inc. now owns 6,829 shares of the lifestyle brand's stock worth $248,000 after buying an additional 129 shares in the last quarter. If you are accessing this piece on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. Royal Bank Of Canada reiterated a "hold" rating and issued a $36.00 price target on shares of Michael Kors Holdings Limited in a research report on Thursday, July 6th.

Shares of Michael Kors closed Monday at $37.23, with a consensus analyst price target of $37.40 and a 52-week range of $32.38 to $52.67. State Of Tennessee Treasury Department invested in 66,277 shares or 0.02% of the stock. Moreover, Wilsey Asset Management Inc has 4.64% invested in the company for 152,911 shares. The Company's divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other.

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