Capri (NYSE:CPRI) PT Lowered to $42.00 at Telsey Advisory Group

Capri (NYSE:CPRI) had its target price cut by analysts at Telsey Advisory Group from $57.00 to $42.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 18.61% from the company’s current price.

A number of other equities analysts also recently commented on CPRI. OTR Global reissued a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. StockNews.com started coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Thirteen research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.25.

Capri Trading Down 3.0 %

Shares of CPRI stock opened at $35.41 on Tuesday. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The stock’s fifty day moving average is $44.54 and its two-hundred day moving average is $47.78. The firm has a market capitalization of $4.13 billion, a P/E ratio of 19.89, a PEG ratio of 7.71 and a beta of 2.03.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 earnings per share. Research analysts expect that Capri will post 3.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Wealth Management Group LLC purchased a new position in shares of Capri in the fourth quarter valued at $25,000. Vima LLC purchased a new stake in Capri during the 4th quarter worth about $70,000. U S Global Investors Inc. purchased a new stake in Capri during the 4th quarter worth about $75,000. Fifth Third Bancorp grew its holdings in Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after buying an additional 440 shares during the period. Finally, EMC Capital Management purchased a new stake in Capri in the 3rd quarter valued at about $96,000. 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.