Capri (NYSE:CPRI) Price Target Lowered to $23.00 at Telsey Advisory Group

Capri (NYSE:CPRI - Free Report) had its price objective trimmed by Telsey Advisory Group from $26.00 to $23.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, October 25th. Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. StockNews.com lowered shares of Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. Finally, UBS Group dropped their target price on shares of Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $28.88.

Capri Stock Performance

Capri stock traded up $0.27 on Friday, hitting $20.79. The company's stock had a trading volume of 3,631,856 shares, compared to its average volume of 2,065,957. The company has a fifty day moving average price of $34.87 and a 200-day moving average price of $34.28. The firm has a market cap of $2.45 billion, a P/E ratio of -6.79, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. Capri has a one year low of $18.70 and a one year high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Capri in the third quarter valued at approximately $53,000. Bessemer Group Inc. raised its position in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock worth $60,000 after acquiring an additional 601 shares during the last quarter. EMC Capital Management lifted its stake in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company's stock valued at $110,000 after acquiring an additional 596 shares during the period. CWM LLC boosted its holdings in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Finally, Signaturefd LLC increased its position in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company's stock worth $90,000 after purchasing an additional 351 shares during the period. 84.34% of the stock is owned by institutional investors.

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.