A Technical Look At 2 Stocks: Michael Kors Holdings Limited (KORS), Coty Inc. (COTY)

Michael Kors Holdings Limited (NYSE:KORS) recorded a trading volume of 3.94 million shares, above its 90-day volume average of 2.5 million shares. The stock kicked off the session at $54.89 and later approached $54.64 with a change of 0.04%.

Michael Kors Holdings Limited (KORS) Analyst Opinion

Michael Kors Holdings Limited has a consensus hold rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 6.76% of shares outstanding. The stock spiked 15.52% last month and is up 27.13 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover KORS having a buy-equivalent rating. Analysts have placed a $47.05 price target on Michael Kors Holdings Limited, suggesting a -13.89% decline from recent close. It’s currently trading about -0.67% below its 52-week high.

Michael Kors Holdings Limited Earnings Surprise

Michael Kors Holdings Limited (KORS) surprised the stock market in its last reported earnings when it earned $1.33 a piece versus the consensus-estimated $0.84. Its revenue totaled $1.04 billion up 9.62% from the previous quarter.

Michael Kors Holdings Limited (NYSE:KORS) Intraday View

This stock (KORS) is ahead of its 52-week low with 68.75%. Its last month’s stock price volatility remained 3.4% which for the week stands at 2.07%. The share price has moved forward from its 20 days moving average, trading at a distance of 11.56% and stays 17.24% away from its 50 days moving average. Over the last five days, shares have managed 11.94% gains and now is up 37.39% since hitting its 200-day moving average of $40.48. Michael Kors Holdings Limited (KORS) has made its way to a 12-month gain of 8.63%.

Turning to Coty Inc. (NYSE:COTY), its shares were trading at $14.45 a retreat of $-0.07, on the trading floor. The stock, after opening at $14.56, touched a high of $14.77 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. Coty Inc. has 3 buy ratings, 9 holds and 1 sells even after the stock tumbled -35.26% from its high of $22.32 to a $10.9 billion market value through last close.

Coty Inc. (COTY) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.67 to 2.69 during a month. Analysts set a 12-month price target of $18.7 a share. The target implies a 29.41% spike from where the shares are currently trading. Also, the current price highlights a discount of 66.09% to analysts’ high consensus price target.

Coty Inc. (NYSE:COTY) Intraday Trading

The counter witnessed a trading volume of 5.33 million shares versus an average volume of 6.47 million shares during last trading session. Its last month’s stock price volatility remained 3.37% which for the week approaches 2.64%. The lowest price the stock reached in the last trading day was $14.37 and compares with the $14.24 52-week low. The stock recovered 1.47% since its low point and has performed -21.08% year-to-date.

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