Capri Holdings Limited (NYSE:CPRI) Receives $69.00 Consensus Price Target from Brokerages

Capri Holdings Limited (NYSE:CPRI – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $69.00.

CPRI has been the subject of a number of research reports. Telsey Advisory Group dropped their target price on shares of Capri from $60.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, November 10th. Morgan Stanley dropped their target price on shares of Capri from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, November 10th. StockNews.com initiated coverage on shares of Capri in a report on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their target price on shares of Capri from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup dropped their target price on shares of Capri from $72.00 to $67.00 in a report on Friday, November 4th.

Capri Trading Up 2.0 %

Shares of Capri stock opened at $64.41 on Tuesday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.78 and a beta of 2.20. The company has a quick ratio of 0.71, a current ratio of 1.63 and a debt-to-equity ratio of 0.74. Capri has a 12-month low of $36.90 and a 12-month high of $72.37. The firm’s 50-day moving average price is $57.93 and its two-hundred day moving average price is $50.38.

Capri (NYSE:CPRI – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.24. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Capri had a net margin of 14.10% and a return on equity of 38.60%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. On average, analysts forecast that Capri will post 6.87 earnings per share for the current fiscal year.

Capri announced that its board has authorized a share repurchase plan on Wednesday, November 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 14.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Capri

Several large investors have recently modified their holdings of CPRI. AlphaCrest Capital Management LLC grew its position in shares of Capri by 65.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock worth $375,000 after buying an additional 2,888 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Capri during the 1st quarter worth approximately $4,352,000. Dimensional Fund Advisors LP grew its position in shares of Capri by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock worth $112,981,000 after buying an additional 102,439 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Capri during the 1st quarter worth approximately $271,000. Finally, Pearl River Capital LLC acquired a new stake in shares of Capri during the 1st quarter worth approximately $227,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

About Capri

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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.