Capri Holdings Limited (NYSE:CPRI) Receives Average Rating of “Hold” from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.55.

CPRI has been the subject of several recent research reports. Barclays reiterated an “equal weight” rating and set a $21.00 target price on shares of Capri in a research report on Wednesday, November 20th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company raised shares of Capri from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $20.00 to $28.00 in a research note on Friday, January 10th. Finally, Telsey Advisory Group lowered their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th.

Capri Stock Up 0.3 %

NYSE CPRI opened at $24.93 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri has a 52 week low of $18.70 and a 52 week high of $49.43. The stock has a market capitalization of $2.94 billion, a P/E ratio of -8.15, a price-to-earnings-growth ratio of 5.20 and a beta of 2.06. The stock has a fifty day moving average of $22.12 and a 200-day moving average of $29.93.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period last year, the business posted $1.13 EPS. On average, equities research analysts forecast that Capri will post 1.65 EPS for the current year.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Capri during the third quarter worth about $42,000. Quarry LP bought a new stake in Capri in the 3rd quarter valued at approximately $53,000. KBC Group NV boosted its position in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares during the last quarter. CWM LLC grew its stake in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds 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.