Capri Holdings Limited (NYSE:CPRI) Receives $31.50 Average Price Target from Brokerages

Capri Holdings Limited (NYSE:CPRI) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $31.50.

Several research analysts recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price target on shares of Capri in a research report on Friday, November 1st. UBS Group reduced their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company decreased their price target 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. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Friday, September 13th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th.

Capri Stock Performance

Capri stock opened at $21.99 on Monday. Capri has a fifty-two week low of $18.75 and a fifty-two week high of $51.23. The firm’s 50 day simple moving average is $36.42 and its 200-day simple moving average is $34.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The company has a market cap of $2.59 billion, a P/E ratio of -8.83, a price-to-earnings-growth ratio of 3.44 and a beta of 2.05.

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). The firm had revenue of $1.07 billion during 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 company’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. As a group, equities research analysts predict that Capri will post 2.05 EPS for the current year.

Hedge Funds Weigh In On Capri

Several institutional investors have recently bought and sold shares of CPRI. Riverwater Partners LLC acquired a new position in Capri in the 3rd quarter valued at $1,030,000. Aristides Capital LLC acquired a new stake in shares of Capri in the second quarter valued at about $1,865,000. State Board of Administration of Florida Retirement System increased its stake in shares of Capri by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock worth $7,312,000 after purchasing an additional 23,294 shares during the period. Fortis Group Advisors LLC acquired a new position in shares of Capri during the 3rd quarter worth about $2,149,000. Finally, Gabelli Funds LLC boosted its stake in Capri by 7.1% during the 1st quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock valued at $22,858,000 after purchasing an additional 33,550 shares during the period. 84.34% of the stock is currently owned by institutional investors.

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.