Brokerages Set Capri Holdings Limited (NYSE:CPRI) Target Price at $28.20

Shares of Capri Holdings Limited (NYSE:CPRI) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Nine equities research 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 brokers that have updated their coverage on the stock in the last year is $28.20.

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Barclays restated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Finally, Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th.

Institutional Trading of Capri

Several institutional investors have recently added to or reduced their stakes in CPRI. FMR LLC boosted its holdings in Capri by 389.2% during 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. Baupost Group LLC MA bought a new stake in Capri in the second quarter valued at approximately $33,080,000. DME Capital Management LP purchased a new stake in shares of Capri during the second quarter valued at approximately $22,652,000. Oddo BHF Asset Management Sas bought a new position in shares of Capri in the third quarter worth approximately $25,888,000. Finally, Primecap Management Co. CA increased its stake in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after buying an additional 515,963 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Down 2.2 %

CPRI opened at $22.86 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri has a one year low of $18.70 and a one year high of $51.23. The firm has a market capitalization of $2.69 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 4.98 and a beta of 2.05. The company has a fifty day moving average price of $30.27 and a 200-day moving average price of $32.86.

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.