Robert W. Baird Has Lowered Expectations for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI - Get Free Report) had its price target dropped by investment analysts at Robert W. Baird from $24.00 to $23.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price points to a potential upside of 12.09% from the stock's current price.

Several other analysts have also weighed in on the company. StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $26.00 price objective on shares of Capri in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.29.

Capri Stock Performance

Shares of CPRI stock traded down $1.47 during trading on Friday, reaching $20.52. The company had a trading volume of 11,157,737 shares, compared to its average volume of 1,962,555. Capri has a one year low of $18.75 and a one year high of $51.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The firm's 50 day simple moving average is $36.15 and its two-hundred day simple moving average is $34.74. The company has a market capitalization of $2.42 billion, a PE ratio of -8.02, a PEG ratio of 3.44 and a beta of 2.05.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL lifted its position in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company's stock valued at $210,000 after purchasing an additional 350 shares during the period. Signaturefd LLC boosted its stake in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after acquiring an additional 533 shares during the period. EMC Capital Management lifted 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 valued at $110,000 after purchasing an additional 596 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Capri by 0.3% in the 1st quarter. Swiss National Bank now owns 229,500 shares of the company's stock valued at $10,396,000 after purchasing an additional 600 shares during the period. Institutional investors own 84.34% of the company's stock.

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.