Capri (NYSE:CPRI) PT Lowered to $39.00

Capri (NYSE:CPRI) had its price target lowered by UBS Group from $41.00 to $39.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 15.35% from the stock’s previous close.

A number of other analysts have also issued reports on CPRI. Wells Fargo & Company upgraded Capri from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $57.00 to $43.00 in a research note on Tuesday, June 25th. OTR Global reaffirmed a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Jefferies Financial Group decreased their target price on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. StockNews.com initiated coverage on Capri in a report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.50.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.14 on Wednesday, hitting $33.81. The company had a trading volume of 128,823 shares, compared to its average volume of 1,247,335. The stock has a 50 day moving average price of $33.54 and a 200 day moving average price of $40.07. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -17.16, a P/E/G ratio of 3.41 and a beta of 2.01. Capri has a 1-year low of $30.79 and a 1-year high of $54.52.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its stake in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in Capri in the 4th quarter valued at about $25,000. EMC Capital Management lifted its stake in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. Swiss National Bank grew its stake in shares of Capri by 0.3% in the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock valued at $10,396,000 after buying an additional 600 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares in the last quarter. 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.