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

Shares of Capri Holdings Limited (NYSE:CPRI) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.92.

Several analysts have commented on CPRI shares. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Thursday, February 20th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Jefferies Financial Group upped their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research note on Friday, January 10th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in Capri in the 3rd quarter valued at about $42,000. Quarry LP acquired a new position in shares of Capri during the 3rd quarter worth approximately $53,000. Twin Tree Management LP acquired a new position in shares of Capri during the 4th quarter worth approximately $45,000. KBC Group NV grew its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Capri during the 4th quarter worth approximately $74,000. 84.34% of the stock is owned by institutional investors.

Capri Stock Performance

CPRI stock opened at $21.49 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The company has a 50 day moving average price of $22.58 and a 200 day moving average price of $27.17. Capri has a fifty-two week low of $18.53 and a fifty-two week high of $46.91. The stock has a market capitalization of $2.53 billion, a PE ratio of -2.51, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $1.20 earnings per share. Analysts forecast that Capri will post 0.98 EPS for the current year.

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.