Capri (NYSE:CPRI) PT Lowered to $39.00

Capri (NYSE:CPRI) had its target price cut by UBS Group from $42.00 to $39.00 in a report released on Wednesday. They currently have a neutral rating on the stock.

Several other brokerages have also weighed in on CPRI. Jefferies Financial Group cut their price objective on shares of Capri from $57.00 to $38.00 and set a hold rating on the stock in a research report on Thursday, May 30th. Telsey Advisory Group restated a market perform rating and set a $42.00 price target on shares of Capri in a report on Thursday, May 30th. Citigroup raised shares of Capri from a neutral rating to a buy rating and reduced their price objective for the company from $56.00 to $41.00 in a research note on Monday, June 17th. Wells Fargo & Company cut their target price on Capri from $43.00 to $42.00 and set an overweight rating on the stock in a report on Friday, August 9th. Finally, StockNews.com downgraded Capri from a hold rating to a sell rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $40.40.

Capri Trading Down 2.6 %

Shares of NYSE:CPRI opened at $38.22 on Wednesday. The firm has a fifty day moving average of $34.22 and a two-hundred day moving average of $37.08. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri has a 12-month low of $29.28 and a 12-month high of $52.88. The firm has a market capitalization of $4.46 billion, a P/E ratio of -19.40, a price-to-earnings-growth ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $0.74 EPS. Capri’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts expect that Capri will post 2.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new position in shares of Capri in the fourth quarter worth about $25,000. Quent Capital LLC grew its holdings in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the last quarter. Bessemer Group Inc. increased its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the period. Vima LLC acquired a new position in shares of Capri during the fourth quarter worth approximately $70,000. Finally, CWM LLC boosted its position in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the period. 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.