Equities research analysts at Argus assumed coverage on shares of Capri (NYSE:CPRI) in a research report issued to clients and investors on Wednesday, The Fly reports. The firm set a “hold” rating on the stock.
Several other research analysts also recently commented on CPRI. Canaccord Genuity reissued a “buy” rating and set a $67.00 price target (down from $76.00) on shares of Capri in a research note on Thursday, May 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Capri from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, May 8th. Credit Suisse Group decreased their price target on shares of Capri from $52.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. They noted that the move was a valuation call. Wells Fargo & Co decreased their price target on shares of Capri from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Thursday, May 30th. Finally, UBS Group decreased their price target on shares of Capri from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.00.
Shares of CPRI opened at $33.67 on Wednesday. The company has a market capitalization of $5.00 billion, a P/E ratio of 6.77, a P/E/G ratio of 1.02 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80. Capri has a 1-year low of $32.08 and a 1-year high of $75.96.
Capri (NYSE:CPRI) last announced its earnings results on Wednesday, May 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. Capri’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. On average, analysts anticipate that Capri will post 4.95 EPS for the current fiscal year.
In other Capri news, CFO Thomas Jr. Edwards purchased 11,600 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $34.41 per share, with a total value of $399,156.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John D. Idol bought 615,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average cost of $32.57 per share, for a total transaction of $20,030,550.00. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stormborn Capital Management LLC purchased a new position in shares of Capri in the first quarter worth $4,804,000. Marshall Wace LLP purchased a new position in shares of Capri during the first quarter worth about $69,000. Clearbridge Investments LLC acquired a new stake in shares of Capri during the first quarter worth about $41,582,000. Accident Compensation Corp acquired a new stake in shares of Capri during the first quarter worth about $6,836,000. Finally, Allstate Corp acquired a new stake in shares of Capri during the first quarter worth about $1,235,000. 86.64% of the stock is currently owned by institutional investors.
Capri Company Profile
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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