Analysts Set Capri Holdings Limited (NYSE:CPRI) Target Price at $47.75

Capri Holdings Limited (NYSE:CPRI) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $47.75.

CPRI has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on Capri from $57.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, May 30th. StockNews.com began coverage on Capri in a report on Saturday, April 13th. They issued a “hold” rating for the company. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $57.00 to $43.00 in a report on Tuesday, June 25th. OTR Global reaffirmed a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Finally, Citigroup raised Capri from a “neutral” rating to a “buy” rating and cut their price target for the company from $56.00 to $41.00 in a report on Monday, June 17th.

Capri Stock Up 1.9 %

CPRI opened at $34.02 on Tuesday. The company has a market capitalization of $3.97 billion, a P/E ratio of -17.27, a P/E/G ratio of 3.38 and a beta of 2.01. The firm’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $41.89. Capri has a fifty-two week low of $30.79 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. On average, analysts anticipate that Capri will post 3.45 EPS for the current year.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Capri by 1,580.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the last quarter. Invst LLC acquired a new position in shares of Capri during the 1st quarter worth about $759,000. Swedbank AB acquired a new position in shares of Capri during the 1st quarter worth about $8,401,000. EMC Capital Management grew its position in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Capri by 116.8% during the 1st quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock worth $12,101,000 after buying an additional 143,899 shares during the period. 84.34% of the stock is owned by institutional investors.

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.