Capri Holdings Limited (NYSE:CPRI) Receives $22.50 Average Price Target from Analysts

Capri Holdings Limited (NYSE:CPRI) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.50.

Several equities analysts have commented on CPRI shares. UBS Group boosted their price target on shares of Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Robert W. Baird dropped their price target on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on Capri from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, Barclays lowered their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th.

Capri Stock Down 1.6%

Capri stock opened at $16.83 on Tuesday. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The firm has a 50 day moving average price of $16.50 and a 200 day moving average price of $19.59. The company has a market capitalization of $1.98 billion, a PE ratio of -1.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business’s revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Research analysts expect that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position 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 acquiring an additional 1,266 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Capri in the first quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Capri in the first quarter valued at approximately $30,000. UMB Bank n.a. boosted its holdings in Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in Capri in the fourth quarter valued at approximately $45,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.