Wells Fargo & Company Cuts Capri (NYSE:CPRI) Price Target to $25.00

Capri (NYSE:CPRI - Free Report) had its price target decreased by Wells Fargo & Company from $30.00 to $25.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts have also recently issued reports on CPRI. Telsey Advisory Group dropped their target price on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price objective on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group increased their price target on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Capri presently has a consensus rating of "Hold" and a consensus price target of $24.08.

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Capri Price Performance

Shares of CPRI stock traded down $0.85 during mid-day trading on Friday, hitting $13.56. 3,452,939 shares of the stock were exchanged, compared to its average volume of 3,127,933. 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 has a 52-week low of $11.86 and a 52-week high of $43.34. The firm has a fifty day moving average of $19.86 and a 200 day moving average of $23.99. The company has a market cap of $1.60 billion, a PE ratio of -1.59, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business earned $1.20 earnings per share. Research analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Institutional Trading of Capri

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. increased its position in Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock worth $82,196,000 after buying an additional 3,885,732 shares during the period. Norges Bank purchased a new position in Capri during the 4th quarter worth $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new position in Capri in the fourth quarter valued at $48,953,000. Finally, Junto Capital Management LP purchased a new stake in shares of Capri in the fourth quarter valued at about $26,112,000. Institutional investors and hedge funds 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.