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

Capri Holdings Limited (NYSE:CPRI) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.92.

A number of brokerages recently weighed in on CPRI. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of Capri in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their price objective on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and increased their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPRI. Sunbelt Securities Inc. acquired a new position in Capri during the third quarter valued at approximately $42,000. Twin Tree Management LP bought a new stake in shares of Capri in the fourth quarter worth $45,000. Quarry LP bought a new stake in Capri during the third quarter worth $53,000. Aster Capital Management DIFC Ltd bought a new stake in Capri during the fourth quarter worth $74,000. Finally, KBC Group NV increased its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Up 31.3 %

Shares of Capri stock opened at $16.38 on Thursday. The company has a market capitalization of $1.93 billion, a P/E ratio of -1.92, a P/E/G ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri has a 1 year low of $11.86 and a 1 year high of $43.94. The business has a 50 day moving average price of $20.37 and a 200 day moving average price of $24.59.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 5th. The company reported $0.45 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 in the previous year, the firm earned $1.20 earnings per share. Sell-side analysts anticipate that Capri will post 0.98 EPS for the current fiscal year.

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.