Capri (NYSE:CPRI) Given New $18.00 Price Target at Robert W. Baird

Capri (NYSE:CPRI - Free Report) had its price target lowered by Robert W. Baird from $26.00 to $18.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays dropped their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reduced their price objective on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a research report on Friday. Wells Fargo & Company raised their target price on Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Bank of America assumed coverage on shares of Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Capri presently has a consensus rating of "Hold" and a consensus price target of $24.08.

Remove Ads

Capri Stock Down 5.9 %

Shares of NYSE:CPRI traded down $0.85 on Friday, hitting $13.56. 3,452,939 shares of the company traded hands, compared to its average volume of 3,127,933. The company has a market cap of $1.60 billion, a PE ratio of -1.59, a PEG ratio of 7.80 and a beta of 1.77. The stock has a 50 day simple moving average of $19.86 and a 200-day simple moving average of $23.99. Capri has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last issued 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the company posted $1.20 earnings per share. As a group, research analysts expect that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Capri during the third quarter worth approximately $318,000. Quantinno Capital Management LP purchased a new position in shares of Capri in the third quarter worth about $260,000. Wellington Management Group LLP boosted its holdings in shares of Capri by 6.5% during the 3rd quarter. Wellington Management Group LLP now owns 112,045 shares of the company's stock worth $4,755,000 after purchasing an additional 6,846 shares during the last quarter. MML Investors Services LLC grew its holdings in Capri by 49.6% in the 3rd quarter. MML Investors Services LLC now owns 18,443 shares of the company's stock valued at $783,000 after buying an additional 6,112 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Capri in the third quarter valued at about $3,804,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.