Capri (NYSE:CPRI) Given Market Perform Rating at Telsey Advisory Group

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

Several other brokerages have also issued reports on CPRI. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th. TD Cowen lowered their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. 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. JPMorgan Chase & Co. boosted their price target on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.36.

Capri Stock Down 0.9 %

CPRI stock opened at $25.46 on Wednesday. Capri has a 1-year low of $18.70 and a 1-year high of $49.36. The stock has a market cap of $3.00 billion, a P/E ratio of -8.32, a P/E/G ratio of 5.20 and a beta of 2.06. The stock’s fifty day simple moving average is $22.43 and its two-hundred day simple moving average is $29.70. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same quarter last year, the business posted $1.13 EPS. Analysts expect that Capri will post 1.65 EPS for the current year.

Institutional Investors Weigh In On Capri

Large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in Capri in the 3rd quarter worth about $42,000. Quarry LP bought a new position in shares of Capri in the third quarter worth approximately $53,000. KBC Group NV raised its stake in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC lifted its position in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares in the last quarter. 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.