Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $25.92

Shares of Capri Holdings Limited (NYSE:CPRI) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.92.

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Bank of America assumed coverage on shares of Capri in a research report on Monday, February 10th. They set a “neutral” rating and a $23.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Robert W. Baird lowered their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Guggenheim restated a “buy” rating and set a $30.00 price target on shares of Capri in a report on Wednesday, February 12th.

Capri Price Performance

Shares of NYSE:CPRI opened at $21.52 on Wednesday. Capri has a 12 month low of $18.70 and a 12 month high of $47.29. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -2.52, a PEG ratio of 4.97 and a beta of 2.06. The stock’s 50 day moving average price is $22.57 and its 200 day moving average price is $28.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38.

Capri (NYSE:CPRI) last posted 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 12.89% and a negative net margin of 21.79%. During the same quarter last year, the business posted $1.20 earnings per share. Equities research analysts anticipate that Capri will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Capri by 6.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,633 shares of the company’s stock valued at $7,195,000 after acquiring an additional 19,799 shares during the period. Vision One Management Partners LP bought a new stake in Capri during the fourth quarter worth about $17,306,000. Teza Capital Management LLC grew its stake in Capri by 1,294.7% during the fourth quarter. Teza Capital Management LLC now owns 84,449 shares of the company’s stock worth $1,778,000 after buying an additional 78,394 shares during the last quarter. Toronto Dominion Bank grew its stake in Capri by 41,760,300.0% during the fourth quarter. Toronto Dominion Bank now owns 417,604 shares of the company’s stock worth $8,795,000 after buying an additional 417,603 shares during the last quarter. Finally, Saba Capital Management L.P. bought a new stake in Capri during the fourth quarter worth about $1,449,000. Institutional investors own 84.34% of the company’s stock.

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.