Capri Holdings Limited (NYSE:CPRI) Receives $40.40 Consensus Target Price from Brokerages

Shares of Capri Holdings Limited (NYSE:CPRI) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $40.40.

Several analysts have weighed in on the company. UBS Group cut their price objective on Capri from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Citigroup raised Capri from a “neutral” rating to a “buy” rating and cut their price objective for the company from $56.00 to $41.00 in a research report on Monday, June 17th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $42.00 price objective on shares of Capri in a research report on Thursday, May 30th. Finally, Jefferies Financial Group cut their price objective on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th.

Institutional Trading of Capri

A number of hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC bought a new stake in shares of Capri in the 2nd quarter worth approximately $1,865,000. Truist Financial Corp bought a new stake in shares of Capri in the 2nd quarter worth approximately $429,000. Regal Investment Advisors LLC boosted its position in shares of Capri by 14.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 107,197 shares of the company’s stock worth $3,546,000 after purchasing an additional 13,278 shares in the last quarter. Invst LLC raised its holdings in Capri by 14.0% in the 2nd quarter. Invst LLC now owns 19,071 shares of the company’s stock worth $647,000 after acquiring an additional 2,346 shares during the last quarter. Finally, Water Island Capital LLC raised its holdings in Capri by 20.2% in the 2nd quarter. Water Island Capital LLC now owns 35,923 shares of the company’s stock worth $1,188,000 after acquiring an additional 6,037 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Stock Up 2.1 %

NYSE CPRI opened at $35.78 on Wednesday. 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 stock has a market capitalization of $4.17 billion, a PE ratio of -18.16, a PEG ratio of 3.37 and a beta of 2.01. Capri has a 1 year low of $29.28 and a 1 year high of $53.06. The business’s 50-day moving average is $33.07 and its 200 day moving average is $38.10.

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 the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.16 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 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Sell-side analysts forecast that Capri will post 3.45 earnings per share for the current year.

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.