Capri (NYSE:CPRI) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Capri (NYSE:CPRI) in a research note released on Wednesday morning,Benzinga reports. They currently have a $23.00 target price on the stock.

CPRI has been the subject of a number of other reports. Bank of America assumed coverage on shares of Capri in a research note on Monday, February 10th. They set a “neutral” rating and a $23.00 price objective for the company. Jefferies Financial Group raised their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Guggenheim reiterated a “buy” rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Barclays dropped their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Trading Up 1.5 %

CPRI opened at $19.65 on Wednesday. The stock has a market capitalization of $2.32 billion, a P/E ratio of -2.30, a P/E/G ratio of 7.80 and a beta of 2.10. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri has a 12 month low of $18.53 and a 12 month high of $45.70. The firm’s fifty day simple moving average is $21.89 and its 200 day simple moving average is $25.69.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share 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 period last year, the firm earned $1.20 EPS. As a group, research analysts anticipate that Capri will post 0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of large investors have recently made changes to their positions in CPRI. Sunbelt Securities Inc. acquired a new position in Capri in the 3rd quarter valued at $42,000. Twin Tree Management LP acquired a new position in shares of Capri in the fourth quarter valued at about $45,000. Quarry LP bought a new position in Capri during the third quarter worth about $53,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the 4th quarter worth about $74,000. Finally, KBC Group NV boosted its holdings in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the period. Institutional investors 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.