Analysts Set Capri Holdings Limited (NYSE:CPRI) Price Target at $47.75

Capri Holdings Limited (NYSE:CPRI) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $45.29.

Several equities research analysts have recently commented on CPRI shares. UBS Group decreased their price target on Capri from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com assumed coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $56.00 to $41.00 in a research report on Monday, June 17th. Wells Fargo & Company upgraded Capri from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $57.00 to $43.00 in a research report on Tuesday, June 25th. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th.

Capri Price Performance

Shares of NYSE:CPRI opened at $33.50 on Friday. The business’s 50 day simple moving average is $33.54 and its 200-day simple moving average is $40.07. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -17.00, a price-to-earnings-growth ratio of 3.41 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44. Capri has a 12 month low of $30.79 and a 12 month high of $54.52.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.30). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. Capri’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, equities analysts forecast that Capri will post 3.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Signaturefd LLC raised its position in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the period. Private Wealth Management Group LLC purchased a new position in shares of Capri in the 4th quarter worth $25,000. EMC Capital Management raised its position in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. Swiss National Bank raised its position in shares of Capri by 0.3% in the 1st quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after buying an additional 600 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.