Capri Holdings Limited (NYSE:CPRI) Receives $31.50 Average PT from Brokerages

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) have earned a consensus recommendation of "Hold" from the six brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.50.

A number of research firms have issued reports on CPRI. JPMorgan Chase & Co. cut their price target on Capri from $57.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reissued a "market perform" rating and set a $26.00 target price on shares of Capri in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, October 25th. UBS Group cut their price objective on shares of Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. Finally, Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Friday, September 13th.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC raised its stake in shares of Capri by 171.8% in the first quarter. Quent Capital LLC now owns 1,120 shares of the company's stock worth $51,000 after purchasing an additional 708 shares during the last quarter. Bessemer Group Inc. raised its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock valued at $60,000 after buying an additional 601 shares during the last quarter. CWM LLC lifted its stake in Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after acquiring an additional 638 shares in the last quarter. Signaturefd LLC boosted its holdings in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock worth $90,000 after acquiring an additional 351 shares during the last quarter. Finally, EMC Capital Management grew its stake in shares of 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 acquiring an additional 596 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Up 0.2 %

NYSE CPRI traded up $0.04 during mid-day trading on Monday, reaching $20.14. 3,939,680 shares of the stock were exchanged, compared to its average volume of 1,840,330. The stock has a market cap of $2.37 billion, a P/E ratio of -8.09, a P/E/G ratio of 3.37 and a beta of 2.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. Capri has a one year low of $18.75 and a one year high of $51.23. The stock has a 50 day simple moving average of $37.01 and a 200-day simple moving average of $35.05.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.74 earnings per share. The business's revenue was down 13.2% on a year-over-year basis. On average, analysts anticipate that Capri will post 2.05 EPS for the current year.

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.