Capri Holdings Limited (NYSE:CPRI) Receives $47.75 Consensus PT from Brokerages

Shares of Capri Holdings Limited (NYSE:CPRI) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $47.75.

Several analysts have recently weighed in on CPRI shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 price objective on shares of Capri in a research note on Thursday, May 30th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $56.00 to $41.00 in a research note on Monday, June 17th. Jefferies Financial Group lowered their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. OTR Global reiterated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Finally, StockNews.com started coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating for the company.

Capri Stock Down 0.3 %

NYSE:CPRI opened at $33.33 on Tuesday. The company has a market cap of $3.89 billion, a PE ratio of -16.92, a P/E/G ratio of 3.38 and a beta of 2.01. Capri has a one year low of $30.79 and a one year high of $54.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44. The firm’s 50 day simple moving average is $34.15 and its 200 day simple moving average is $42.22.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. On average, research analysts anticipate that Capri will post 3.45 earnings per share for the current year.

Institutional Trading of Capri

Several institutional investors have recently made changes to their positions in CPRI. O Shaughnessy Asset Management LLC bought a new stake in shares of Capri in the 3rd quarter worth $261,000. Tower Research Capital LLC TRC grew its stake in shares of Capri by 38.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 18,931 shares of the company’s stock worth $996,000 after acquiring an additional 5,293 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Capri in the 3rd quarter worth $1,315,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Capri in the 3rd quarter worth about $24,270,000. Finally, EHP Funds Inc. purchased a new position in shares of Capri in the 3rd quarter worth about $2,367,000. 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.