Barclays Issues Pessimistic Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price target reduced by Barclays from $19.00 to $13.00 in a research report released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on CPRI. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Wells Fargo & Company upped their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Bank of America initiated coverage on Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus target price of $25.42.

Capri Stock Down 10.6 %

Capri stock opened at $14.63 on Thursday. The stock’s 50 day moving average price is $20.19 and its 200 day moving average price is $24.43. The company has a market cap of $1.72 billion, a PE ratio of -1.71, a price-to-earnings-growth 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 $43.34.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 company posted $1.20 EPS. On average, sell-side analysts predict that Capri will post 0.98 EPS for the current fiscal year.

Institutional Trading of Capri

Several hedge funds have recently bought and sold shares of CPRI. Arizona State Retirement System raised its holdings in shares of Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock valued at $720,000 after buying an additional 596 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after acquiring an additional 643 shares in the last quarter. Xponance Inc. boosted its position in Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after acquiring an additional 757 shares during the period. Investors Research Corp grew its stake in shares of Capri by 3.8% in the first quarter. Investors Research Corp now owns 21,669 shares of the company’s stock worth $428,000 after purchasing an additional 800 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Capri during the third quarter valued at $42,000. 84.34% of the stock is currently owned by institutional investors.

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.