Capri Holdings Limited (NYSE:CPRI) Receives $40.40 Consensus PT from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have earned an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.40.

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. UBS Group decreased their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, September 13th. Finally, Wells Fargo & Company decreased their target price on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently bought and sold shares of CPRI. Baupost Group LLC MA purchased a new position in Capri in the 2nd quarter worth approximately $33,080,000. DME Capital Management LP acquired a new position in shares of Capri in the 2nd quarter valued at approximately $22,652,000. Khrom Capital Management LLC acquired a new position in shares of Capri in the 1st quarter valued at approximately $17,681,000. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Capri in the 1st quarter valued at approximately $13,008,000. Finally, Clearline Capital LP acquired a new position in shares of Capri in the 2nd quarter valued at approximately $9,362,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 0.4 %

Shares of CPRI stock opened at $42.98 on Thursday. The firm has a 50-day moving average price of $36.95 and a 200 day moving average price of $36.21. Capri has a twelve month low of $29.28 and a twelve month high of $52.06. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of -17.26, a PEG ratio of 7.08 and a beta of 1.97. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79.

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

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.