Telsey Advisory Group Lowers Capri (NYSE:CPRI) Price Target to $23.00

Capri (NYSE:CPRI) had its target price reduced by equities research analysts at Telsey Advisory Group from $26.00 to $23.00 in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 12.06% from the company’s previous close.

CPRI has been the subject of a number of other research reports. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Friday, September 13th. 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 report on Wednesday, September 11th. Wells Fargo & Company decreased their price target on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.86.

Capri Trading Up 4.5 %

NYSE:CPRI opened at $20.53 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -6.71, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The firm has a 50-day moving average price of $34.87 and a two-hundred day moving average price of $34.28. Capri has a 52 week low of $18.70 and a 52 week high of $51.23.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPRI. FMR LLC lifted its holdings in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares in the last quarter. Baupost Group LLC MA purchased a new stake in Capri in the 2nd quarter worth approximately $33,080,000. DME Capital Management LP bought a new position in Capri in the 2nd quarter valued at $22,652,000. Primecap Management Co. CA grew its position in shares of Capri by 14.2% during 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. Finally, Khrom Capital Management LLC bought a new position in shares of Capri in the first quarter worth $17,681,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.