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

Capri Holdings Limited (NYSE:CPRI) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.90.

Several equities analysts have recently issued reports on CPRI shares. Robert W. Baird decreased their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Wells Fargo & Company lowered their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Barclays reaffirmed an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, TD Cowen cut their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th.

Capri Trading Down 1.1 %

Shares of Capri stock opened at $20.96 on Tuesday. The stock has a market cap of $2.47 billion, a PE ratio of -6.85, a price-to-earnings-growth ratio of 4.55 and a beta of 2.05. The firm has a fifty day moving average price of $22.95 and a 200 day moving average price of $31.29. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Investors Weigh In On Capri

Several large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Capri in the third quarter worth approximately $42,000. Quarry LP purchased a new position in Capri in the 3rd quarter valued at $53,000. Signaturefd LLC boosted its stake in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the last quarter. KBC Group NV grew its holdings in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after buying an additional 652 shares in the last quarter. Finally, CWM LLC raised its position in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after buying an additional 660 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.