Capri Holdings Limited (NYSE:CPRI) Given Consensus Recommendation of “Hold” by Brokerages

Capri Holdings Limited (NYSE:CPRI) has received an average rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.55.

Several analysts have recently weighed in on the company. Telsey Advisory Group decreased their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. Wells Fargo & Company upgraded shares of Capri from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Friday, January 10th. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, November 26th. Robert W. Baird reduced their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, TD Cowen lowered their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Capri during the 3rd quarter valued at $42,000. Quarry LP bought a new stake in shares of Capri during the third quarter worth $53,000. KBC Group NV increased its stake in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. CWM LLC raised its holdings in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

NYSE:CPRI opened at $24.93 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. Capri has a one year low of $18.70 and a one year high of $49.43. The company has a fifty day moving average price of $22.12 and a 200 day moving average price of $29.93. The stock has a market cap of $2.94 billion, a P/E ratio of -8.15, a PEG ratio of 5.20 and a beta of 2.06.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.13 EPS. Analysts anticipate that Capri will post 1.65 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.