Capri’s (CPRI) “Market Perform” Rating Reiterated at Telsey Advisory Group

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $23.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 1.99% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Bank of America started coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.92.

Capri Price Performance

Capri stock opened at $22.55 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $22.57 and a 200-day simple moving average of $28.54. The stock has a market cap of $2.66 billion, a P/E ratio of -2.64, a price-to-earnings-growth ratio of 7.67 and a beta of 2.06. Capri has a 12-month low of $18.70 and a 12-month high of $47.29.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $1.20 EPS. Equities analysts expect that Capri will post 0.98 EPS for the current fiscal year.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently made changes to their positions in CPRI. Avior Wealth Management LLC raised its position 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 buying an additional 533 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after purchasing an additional 596 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after purchasing an additional 643 shares during the last quarter. KBC Group NV grew its position in shares of 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 during the period. Finally, CWM LLC increased its stake in Capri by 26.9% in 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. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.