Capri (NYSE:CPRI) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Capri (NYSE:CPRI) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $23.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $26.36.

Capri Stock Performance

NYSE:CPRI opened at $21.59 on Wednesday. Capri has a twelve month low of $18.70 and a twelve month high of $47.80. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.54 billion, a PE ratio of -7.05, a price-to-earnings-growth ratio of 5.76 and a beta of 2.06. The stock’s 50-day simple moving average is $22.68 and its 200 day simple moving average is $29.33.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same quarter in the prior year, the business posted $1.20 EPS. On average, analysts anticipate that Capri will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Several large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Capri during the third quarter worth $224,000. Riverwater Partners LLC acquired a new position in Capri in the 3rd quarter valued at about $1,030,000. Senvest Management LLC acquired a new stake in Capri during the third quarter worth $6,610,000. Primecap Management Co. CA raised its holdings in 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 buying an additional 515,963 shares during the period. Finally, Anthracite Investment Company Inc. purchased a new stake in Capri in the third quarter valued at approximately $7,869,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.