Telsey Advisory Group Issues Pessimistic Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price target dropped by stock analysts at Telsey Advisory Group from $26.00 to $23.00 in a report released on Friday, MarketBeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 9.52% from the stock’s previous close.

A number of other equities research analysts also recently commented on CPRI. Wells Fargo & Company lowered their price target on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. 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. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird reduced their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.88.

Capri Stock Up 2.3 %

CPRI opened at $21.00 on Friday. The firm has a market cap of $2.48 billion, a P/E ratio of -6.86, a PEG ratio of 3.84 and a beta of 2.05. The business’s fifty day simple moving average is $34.30 and its 200 day simple moving average is $34.07. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently modified their holdings of the company. Primecap Management Co. CA raised its holdings in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the period. FMR LLC raised its stake in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after purchasing an additional 68,081 shares during the period. Finally, Baupost Group LLC MA acquired a new stake in Capri in the 2nd quarter valued at $33,080,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.