Capri Holdings Limited (NYSE:CPRI) Receives Consensus Recommendation of "Hold" from Analysts

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.92.

A number of equities research analysts recently issued reports on CPRI shares. Guggenheim reissued a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Barclays dropped their target price on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of Capri in a report on Thursday, February 20th. Finally, TD Cowen reduced their target price on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a report on Friday, November 15th.

Capri Stock Performance

CPRI traded up $0.09 on Friday, reaching $19.57. The stock had a trading volume of 2,033,493 shares, compared to its average volume of 3,408,438. The business's 50-day moving average price is $22.58 and its two-hundred day moving average price is $27.42. The company has a market cap of $2.31 billion, a P/E ratio of -2.29, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri has a 12-month low of $18.52 and a 12-month high of $46.97. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Remove Ads

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the previous year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Capri in the 4th quarter worth $556,000. Twin Lakes Capital Management LLC increased its position in Capri by 88.5% during the fourth quarter. Twin Lakes Capital Management LLC now owns 323,736 shares of the company's stock worth $6,818,000 after purchasing an additional 151,988 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Capri by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,633 shares of the company's stock worth $7,195,000 after purchasing an additional 19,799 shares during the period. Vision One Management Partners LP acquired a new position in Capri in the 4th quarter valued at about $17,306,000. Finally, Teza Capital Management LLC grew its stake in shares of Capri by 1,294.7% in the 4th quarter. Teza Capital Management LLC now owns 84,449 shares of the company's stock valued at $1,778,000 after buying an additional 78,394 shares during the period. Hedge funds and other institutional investors own 84.34% of the company's stock.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.