Capri Holdings Limited (NYSE:CPRI) Given Consensus Recommendation of “Hold” by Brokerages

Capri Holdings Limited (NYSE:CPRI) has been given an average recommendation of “Hold” by the twelve ratings firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.92.

A number of equities analysts have issued reports on CPRI shares. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Barclays reduced their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $29.00 in a research report on Friday, January 10th.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Capri during the 3rd quarter worth about $224,000. Riverwater Partners LLC bought a new stake in Capri in the 3rd quarter valued at about $1,030,000. Senvest Management LLC bought a new stake in Capri in the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA boosted its holdings in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Capri during the 3rd quarter worth approximately $7,869,000. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of CPRI stock opened at $21.52 on Wednesday. Capri has a 1 year low of $18.70 and a 1 year high of $47.29. The firm’s 50 day moving average is $22.57 and its 200-day moving average is $28.66. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -2.52, a PEG ratio of 4.97 and a beta of 2.06. The company has a current ratio of 1.21, a quick ratio of 0.38 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the business earned $1.20 EPS. Sell-side analysts forecast that Capri will post 1.51 EPS for the current fiscal year.

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.