Capri Holdings Limited (NYSE:CPRI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Capri Holdings Limited (NYSE:CPRI) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.55.

Several research analysts recently commented on CPRI shares. TD Cowen dropped their price target on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Barclays reiterated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Telsey Advisory Group decreased their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Finally, Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th.

Capri Trading Up 1.3 %

Shares of Capri stock opened at $24.59 on Friday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of -8.03, a PEG ratio of 5.04 and a beta of 2.06. The business has a 50-day moving average price of $21.95 and a 200-day moving average price of $30.03. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri has a twelve month low of $18.70 and a twelve month high of $50.27.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same quarter in the previous year, the business earned $1.13 EPS. Equities research analysts anticipate that Capri will post 1.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of large investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC raised its stake in Capri by 57.7% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,774 shares of the company’s stock worth $332,000 after buying an additional 5,769 shares in the last quarter. Pacer Advisors Inc. raised its stake in Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after buying an additional 3,885,732 shares in the last quarter. KBC Group NV raised its stake in Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares in the last quarter. Avaii Wealth Management LLC raised its stake in Capri by 95.8% in the fourth quarter. Avaii Wealth Management LLC now owns 13,381 shares of the company’s stock worth $282,000 after buying an additional 6,546 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after buying an additional 643 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

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.