Capri Holdings Limited (NYSE:CPRI) Receives $28.20 Average Price Target from Brokerages

Capri Holdings Limited (NYSE:CPRI) has received a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $28.20.

CPRI has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Telsey Advisory Group decreased their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Barclays restated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company cut their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th.

Capri Stock Down 0.5 %

CPRI stock opened at $23.41 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The firm’s fifty day simple moving average is $30.87 and its 200-day simple moving average is $33.04. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The company has a market capitalization of $2.76 billion, a P/E ratio of -7.65, a price-to-earnings-growth ratio of 4.99 and a beta of 2.05.

Institutional Investors Weigh In On Capri

Several hedge funds and other institutional investors have recently made changes to their positions in CPRI. Blair William & Co. IL raised its stake in Capri by 5.8% during the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares during the period. Signaturefd LLC grew its position in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the period. Avior Wealth Management LLC increased its stake in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after acquiring an additional 533 shares during the last quarter. EMC Capital Management raised its position in Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares during the period. Finally, CWM LLC lifted its stake in shares of Capri by 35.2% in 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. Institutional investors and hedge funds own 84.34% of the company’s stock.

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.