Capri (NYSE:CPRI) Price Target Lowered to $18.00 at Robert W. Baird

Capri (NYSE:CPRI) had its target price decreased by investment analysts at Robert W. Baird from $26.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 23.08% from the company’s current price.

Several other brokerages have also commented on CPRI. Telsey Advisory Group decreased their price target on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Friday. Jefferies Financial Group increased their target price on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. 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 report on Friday, January 10th. Finally, Barclays reduced their price target on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.50.

Capri Price Performance

NYSE:CPRI opened at $14.63 on Friday. Capri has a one year low of $11.86 and a one year high of $43.34. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -1.71, a PEG ratio of 7.80 and a beta of 1.77. The firm’s fifty day moving average is $20.19 and its two-hundred day moving average is $24.43. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the firm posted $1.20 earnings per share. Research analysts expect that Capri will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Capri

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in shares of Capri in the 3rd quarter worth approximately $42,000. Twin Tree Management LP purchased a new stake in Capri during the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the fourth quarter valued at $74,000. KBC Group NV raised its stake in shares of Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Capri by 58.9% during the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after buying an additional 2,546 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.