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

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve brokerages that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.92.

A number of equities research analysts have recently commented on CPRI shares. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. TD Cowen reduced their price target on Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 price objective on shares of Capri in a research report on Wednesday, February 5th. Finally, Barclays reduced their target price on Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th.

Capri Price Performance

Shares of Capri stock traded down $0.11 during trading on Wednesday, hitting $22.52. 2,172,176 shares of the company were exchanged, compared to its average volume of 3,453,306. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $47.72. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average price of $22.57 and a 200 day moving average price of $28.77. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -2.63, a P/E/G ratio of 4.97 and a beta of 2.06.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) 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 company earned $1.20 earnings per share. On average, equities analysts expect that Capri will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Capri

Large investors have recently made changes to their positions in the business. FMR LLC raised its position in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the period. Pacer Advisors Inc. grew its stake in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after buying an additional 3,885,732 shares in the last quarter. Norges Bank purchased a new stake in shares of Capri during the 4th quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Capri during the 4th quarter valued at about $48,953,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Capri during the 4th quarter worth approximately $24,617,000. Institutional investors and hedge funds 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.