Capri Holdings Limited (NYSE:CPRI) Receives $24.08 Consensus PT from Brokerages

Capri Holdings Limited (NYSE:CPRI) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.0833.

CPRI has been the topic of several recent research reports. Zacks Research upgraded shares of Capri from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. UBS Group upped their price objective on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised Capri from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $21.00 to $30.00 in a research note on Wednesday, August 13th. Wall Street Zen upgraded Capri from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a report on Wednesday, August 6th.

Institutional Investors Weigh In On Capri

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after purchasing an additional 1,266 shares during the period. Banque Cantonale Vaudoise bought a new stake in Capri in the first quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri during the first quarter valued at approximately $30,000. UMB Bank n.a. grew its stake in shares of Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after buying an additional 1,020 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Capri in the second quarter worth approximately $39,000. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

NYSE CPRI opened at $20.99 on Thursday. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. Capri has a 1-year low of $11.86 and a 1-year high of $43.34. The business has a 50 day simple moving average of $20.41 and a two-hundred day simple moving average of $18.40. The stock has a market capitalization of $2.50 billion, a PE ratio of -2.23, a P/E/G ratio of 0.43 and a beta of 1.82.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.37. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. Capri’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. On average, research analysts predict that Capri will post 0.98 EPS for the current fiscal 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.