Hays Advisory Has Trimmed Michael Kors Hldgs LTD (KORS) Stake By $407,844; Flowserve (FLS) SI Decreased By 10.02%

December 8, 2017 - By Clifton Ray

Hays Advisory Llc decreased Michael Kors Hldgs Ltd (KORS) stake by 10.98% reported in 2017Q2 SEC filing. Hays Advisory Llc sold 11,329 shares as Michael Kors Hldgs Ltd (KORS)’s stock declined 4.93%. The Hays Advisory Llc holds 91,877 shares with $3.33M value, down from 103,206 last quarter. Michael Kors Hldgs Ltd now has $9.12B valuation. The stock increased 0.17% or $0.1 during the last trading session, reaching $59.95. About 2.65M shares traded or 12.36% up from the average. Michael Kors Holdings Limited (NYSE:KORS) has declined 10.54% since December 8, 2016 and is downtrending. It has underperformed by 27.24% the S&P500.

Flowserve Corporation (NYSE:FLS) had a decrease of 10.02% in short interest. FLS’s SI was 8.15M shares in December as released by FINRA. Its down 10.02% from 9.05M shares previously. With 1.17M avg volume, 7 days are for Flowserve Corporation (NYSE:FLS)’s short sellers to cover FLS’s short positions. The SI to Flowserve Corporation’s float is 6.26%. The stock increased 2.01% or $0.84 during the last trading session, reaching $42.65. About 986,320 shares traded. Flowserve Corporation (NYSE:FLS) has risen 9.35% since December 8, 2016 and is uptrending. It has underperformed by 7.35% the S&P500.

Investors sentiment increased to 1.2 in 2017 Q2. Its up 0.29, from 0.91 in 2017Q1. It is positive, as 34 investors sold Flowserve Corporation shares while 112 reduced holdings. 55 funds opened positions while 120 raised stakes. 131.19 million shares or 0.98% less from 132.48 million shares in 2017Q1 were reported. The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Flowserve Corporation (NYSE:FLS). Mufg Americas Hldgs invested in 0% or 975 shares. Invesco stated it has 10.85 million shares or 0.16% of all its holdings. New York-based Sg Americas Secs Ltd Liability Corp has invested 0.27% in Flowserve Corporation (NYSE:FLS). Woodstock Corp stated it has 27,300 shares or 0.25% of all its holdings. Balyasny Asset Mgmt Ltd invested 0.01% in Flowserve Corporation (NYSE:FLS). Oppenheimer Asset Mgmt reported 95,610 shares. Highlander Management Limited Liability reported 0.57% of its portfolio in Flowserve Corporation (NYSE:FLS). Old Mutual Customised Solutions (Proprietary) holds 5,900 shares or 0.04% of its portfolio. Teachers Retirement Sys Of The State Of Kentucky owns 15,500 shares. Ahl Ptnrs Llp holds 0.01% in Flowserve Corporation (NYSE:FLS) or 10,693 shares. The Texas-based Dimensional Fund Lp has invested 0.01% in Flowserve Corporation (NYSE:FLS). Prelude Capital Management Ltd invested 0.02% of its portfolio in Flowserve Corporation (NYSE:FLS). Tudor Investment Et Al holds 9,741 shares. Alyeska Inv Group Inc Limited Partnership stated it has 0.02% of its portfolio in Flowserve Corporation (NYSE:FLS).

Among 24 analysts covering Flowserve Corporation (NYSE:FLS), 7 have Buy rating, 2 Sell and 15 Hold. Therefore 29% are positive. Flowserve Corporation had 73 analyst reports since July 28, 2015 according to SRatingsIntel. Maxim Group downgraded Flowserve Corporation (NYSE:FLS) on Monday, February 22 to “Hold” rating. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Neutral”. SunTrust maintained the shares of FLS in report on Thursday, November 2 with “Hold” rating. RBC Capital Markets maintained the stock with “Sell” rating in Sunday, July 30 report. The rating was maintained by RBC Capital Markets on Wednesday, April 12 with “Sell”. BMO Capital Markets maintained the shares of FLS in report on Wednesday, September 6 with “Buy” rating. RBC Capital Markets maintained Flowserve Corporation (NYSE:FLS) rating on Friday, September 15. RBC Capital Markets has “Sell” rating and $38.0 target. As per Monday, July 10, the company rating was maintained by RBC Capital Markets. The firm earned “Underperform” rating on Monday, August 3 by RBC Capital Markets. The firm earned “Buy” rating on Friday, July 14 by Stifel Nicolaus.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $5.57 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It has a 53.31 P/E ratio. The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services, as well as makes gas-lubricated mechanical seal that is used in high-speed compressors.

Analysts await Michael Kors Holdings Limited (NYSE:KORS) to report earnings on February, 6. They expect $1.26 earnings per share, down 23.17% or $0.38 from last year’s $1.64 per share. KORS’s profit will be $191.60M for 11.89 P/E if the $1.26 EPS becomes a reality. After $1.33 actual earnings per share reported by Michael Kors Holdings Limited for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Among 33 analysts covering Michael Kors Holdings Ltd (NYSE:KORS), 9 have Buy rating, 2 Sell and 22 Hold. Therefore 27% are positive. Michael Kors Holdings Ltd had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup upgraded the stock to “Neutral” rating in Wednesday, February 3 report. Robert W. Baird maintained the shares of KORS in report on Friday, September 29 with “Hold” rating. The company was maintained on Thursday, August 11 by Wedbush. Cowen & Co downgraded Michael Kors Holdings Limited (NYSE:KORS) on Monday, October 26 to “Market Perform” rating. The firm earned “Neutral” rating on Thursday, August 11 by JP Morgan. The rating was maintained by Jefferies with “Buy” on Tuesday, August 8. Mizuho maintained the shares of KORS in report on Friday, July 31 with “Neutral” rating. The rating was maintained by Jefferies on Thursday, June 1 with “Buy”. The stock of Michael Kors Holdings Limited (NYSE:KORS) earned “Buy” rating by Nomura on Wednesday, August 9. M Partners upgraded the shares of KORS in report on Tuesday, November 7 to “Hold” rating.

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