Telsey Advisory Group Lowers Capri (NYSE:CPRI) Price Target to $17.00

Capri (NYSE:CPRI - Free Report) had its price objective decreased by Telsey Advisory Group from $23.00 to $17.00 in a research report released on Friday, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

CPRI has been the subject of a number of other reports. BMO Capital Markets raised shares of Capri from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $25.00 to $31.00 in a report on Monday, January 6th. Bank of America started coverage on shares of Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $24.08.

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Capri Stock Down 5.9 %

Shares of Capri stock traded down $0.85 on Friday, reaching $13.56. The company's stock had a trading volume of 3,452,758 shares, compared to its average volume of 4,218,836. Capri has a 52 week low of $11.86 and a 52 week high of $43.34. The firm's fifty day simple moving average is $19.86 and its two-hundred day simple moving average is $23.99. 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 company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1.59, a P/E/G ratio of 7.80 and a beta of 1.77.

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 previous year, the firm posted $1.20 earnings per share. Equities analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Several institutional investors have recently made changes to their positions in CPRI. Farther Finance Advisors LLC raised its position in shares of Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after acquiring an additional 1,266 shares during the period. UMB Bank n.a. raised its holdings in Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares during the period. Sunbelt Securities Inc. purchased a new position in Capri during the third quarter worth approximately $42,000. Twin Tree Management LP purchased a new position in Capri during the fourth quarter worth approximately $45,000. Finally, Fifth Third Bancorp increased its position in shares of Capri by 139.6% in the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after buying an additional 1,365 shares in the last quarter. 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.