Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein initiated coverage on Capri in a research note on Monday, March 14th. They set a market perform rating and a $55.00 price objective on the stock. OTR Global cut shares of Capri to a positive rating in a report on Wednesday, January 26th. UBS Group increased their target price on shares of Capri from $99.00 to $107.00 in a report on Thursday, February 3rd. MKM Partners increased their target price on shares of Capri from $85.00 to $93.00 in a report on Thursday, February 3rd. Finally, Zacks Investment Research cut shares of Capri from a buy rating to a hold rating and set a $52.00 target price on the stock. in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $77.11.
Shares of CPRI opened at $49.80 on Friday. The business’s 50 day moving average is $57.43 and its two-hundred day moving average is $58.70. Capri has a 52-week low of $45.05 and a 52-week high of $72.37. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.14 and a beta of 2.41. The company has a quick ratio of 0.62, a current ratio of 1.18 and a debt-to-equity ratio of 0.35.
In other Capri news, CFO Thomas Jr. Edwards sold 12,091 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $66.91, for a total transaction of $809,008.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John D. Idol sold 72,397 shares of the firm’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $70.39, for a total transaction of $5,096,024.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,438 shares of company stock worth $6,004,094. Corporate insiders own 2.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CPRI. Marshall Wace LLP bought a new position in shares of Capri during the 1st quarter valued at about $69,000. First Trust Advisors LP bought a new position in shares of Capri during the 1st quarter valued at about $4,158,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Capri during the 1st quarter valued at about $13,435,000. New York State Teachers Retirement System boosted its position in shares of Capri by 3.6% during the 3rd quarter. New York State Teachers Retirement System now owns 168,935 shares of the company’s stock valued at $8,178,000 after purchasing an additional 5,889 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Capri by 38.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,715 shares of the company’s stock valued at $567,000 after purchasing an additional 3,276 shares in the last quarter. 86.75% of the stock is currently owned by hedge funds and other institutional investors.
About Capri (Get Rating)
Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.
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