Capri (NYSE:CPRI) Price Target Cut to $23.00 by Analysts at Robert W. Baird

Capri (NYSE:CPRI) had its price objective reduced by Robert W. Baird from $24.00 to $23.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently commented on CPRI. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price on shares of Capri in a research note on Friday, November 1st. UBS Group reduced their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Wells Fargo & Company reduced their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and an average target price of $30.29.

Capri Stock Performance

CPRI opened at $19.94 on Friday. Capri has a 12-month low of $18.75 and a 12-month high of $51.23. The firm has a market capitalization of $2.35 billion, a P/E ratio of -6.52, a price-to-earnings-growth ratio of 3.50 and a beta of 2.05. The stock’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $34.50. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79.

Institutional Trading of Capri

A number of large investors have recently bought and sold shares of CPRI. Primecap Management Co. CA boosted its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after buying an additional 68,081 shares in the last quarter. Baupost Group LLC MA bought a new stake in Capri during the second quarter worth about $33,080,000. Carlson Capital L P increased its holdings in shares of Capri by 2.1% during the first quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock worth $43,262,000 after buying an additional 20,000 shares in the last quarter. Finally, Samlyn Capital LLC raised its stake in shares of Capri by 8.3% in the second quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock valued at $26,307,000 after acquiring an additional 61,232 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

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.