Capri Holdings Limited (NYSE:CPRI) Receives $28.20 Average Target Price from Analysts

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been assigned a consensus rating of "Hold" from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $28.20.

A number of analysts recently commented on the stock. Telsey Advisory Group decreased their price objective on shares of Capri from $26.00 to $23.00 and set a "market perform" rating on the stock in a report on Friday, November 15th. TD Cowen cut their price target on shares of Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, November 15th. Wells Fargo & Company reduced their target price on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. Robert W. Baird decreased their price objective on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Finally, Barclays reissued an "equal weight" rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th.

Capri Stock Performance

Shares of CPRI traded down $0.11 during midday trading on Friday, reaching $23.41. 2,201,400 shares of the stock were exchanged, compared to its average volume of 2,157,732. The business's 50-day moving average price is $31.17 and its 200 day moving average price is $33.17. Capri has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -7.69, a PEG ratio of 5.01 and a beta of 2.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Capri in the third quarter worth approximately $42,000. Quarry LP acquired a new stake in shares of Capri during the third quarter worth $53,000. CWM LLC lifted its holdings in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC boosted its position in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after purchasing an additional 351 shares during the period. Finally, EMC Capital Management increased its stake in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company's stock worth $110,000 after purchasing an additional 596 shares in the last quarter. 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.