Wells Fargo & Company Cuts Capri (NYSE:CPRI) Price Target to $25.00

Capri (NYSE:CPRI) had its price objective cut by analysts at Wells Fargo & Company from $30.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 70.50% from the company’s previous close.

CPRI has been the subject of a number of other research reports. Telsey Advisory Group dropped their target price on shares of Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Friday. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Robert W. Baird cut their target price on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.08.

Capri Stock Up 0.2 %

CPRI opened at $14.66 on Friday. The company has a market cap of $1.73 billion, a PE ratio of -1.71, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. Capri has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a 50-day moving average price of $20.00 and a 200 day moving average price of $24.26. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the firm posted $1.20 EPS. Sell-side analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Capri in the 3rd quarter valued at about $42,000. Twin Tree Management LP acquired a new stake in Capri in the fourth quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the fourth quarter valued at approximately $74,000. KBC Group NV grew its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Capri by 58.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock valued at $145,000 after purchasing an additional 2,546 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other 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.