Analysts Set Capri Holdings Limited (NYSE:CPRI) Price Target at $40.40

Capri Holdings Limited (NYSE:CPRI) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $40.40.

A number of research firms have recently issued reports on CPRI. UBS Group cut their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company dropped their price objective on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. 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. Finally, Jefferies Financial Group dropped 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.

Capri Stock Performance

NYSE CPRI opened at $39.89 on Friday. The firm has a 50-day moving average of $34.53 and a 200-day moving average of $36.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The stock has a market cap of $4.65 billion, a PE ratio of -20.25, a P/E/G ratio of 6.66 and a beta of 1.97. Capri has a 52-week low of $29.28 and a 52-week high of $52.88.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. On average, sell-side analysts anticipate that Capri will post 2.12 EPS for the current year.

Hedge Funds Weigh In On Capri

Hedge funds have recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new position in Capri in the 4th quarter valued at about $25,000. Quent Capital LLC grew its holdings in shares of Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after purchasing an additional 708 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. Vima LLC bought a new stake in shares of Capri during the 4th quarter valued at approximately $70,000. Finally, CWM LLC grew its holdings in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

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.