Capri's (CPRI) Market Perform Rating Reiterated at Telsey Advisory Group

Capri (NYSE:CPRI - Get Free Report)'s stock had its "market perform" rating reaffirmed by analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $23.00 target price on the stock. Telsey Advisory Group's target price indicates a potential upside of 7.67% from the stock's previous close.

CPRI has been the topic of several other research reports. Wells Fargo & Company lifted their target price on Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. TD Cowen dropped 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. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Bank of America started coverage on Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.92.

Capri Stock Down 2.2 %

Shares of CPRI stock traded down $0.49 on Thursday, hitting $21.36. The stock had a trading volume of 2,391,965 shares, compared to its average volume of 3,242,807. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $22.58 and a 200 day moving average price of $28.42. The company has a market cap of $2.52 billion, a PE ratio of -2.50, a P/E/G ratio of 8.06 and a beta of 2.06. Capri has a one year low of $18.70 and a one year high of $47.17.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results 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 business posted $1.20 earnings per share. Research analysts anticipate that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in Capri in the 3rd quarter valued at $224,000. Riverwater Partners LLC acquired a new position in Capri in the 3rd quarter valued at $1,030,000. Senvest Management LLC acquired a new position in Capri in the 3rd quarter valued at $6,610,000. Primecap Management Co. CA raised its stake in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in Capri in the 3rd quarter valued at $7,869,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Company Profile

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.