Capri (NYSE:CPRI) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Capri (NYSE:CPRI) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Capri from an “overweight” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Monday, July 31st. UBS Group lowered shares of Capri from a “buy” rating to a “neutral” rating and increased their price objective for the company from $55.00 to $57.00 in a research report on Friday, August 11th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a report on Friday, August 11th. TheStreet downgraded shares of Capri from a “b” rating to a “c” rating in a report on Wednesday, May 31st. Finally, Jefferies Financial Group reduced their price objective on Capri from $36.00 to $34.00 in a research note on Friday, August 4th. Fifteen research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.14.

Capri Price Performance

CPRI stock opened at $52.78 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.52 and a current ratio of 1.33. The company’s fifty day moving average price is $43.20 and its 200-day moving average price is $42.09. Capri has a one year low of $34.17 and a one year high of $69.25. The company has a market capitalization of $6.13 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 8.08 and a beta of 2.19.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Capri had a net margin of 8.44% and a return on equity of 34.58%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue was down 9.6% on a year-over-year basis. On average, equities analysts anticipate that Capri will post 5.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. National Bank of Canada FI grew its position in shares of Capri by 252.2% during the 2nd quarter. National Bank of Canada FI now owns 1,127 shares of the company’s stock worth $40,000 after buying an additional 807 shares in the last quarter. Covestor Ltd increased its holdings in Capri by 789.3% during the second quarter. Covestor Ltd now owns 1,334 shares of the company’s stock valued at $48,000 after buying an additional 1,184 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Capri during the 2nd quarter valued at $63,000. Kistler Tiffany Companies LLC raised its position in shares of Capri by 26.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,805 shares of the company’s stock worth $65,000 after acquiring an additional 374 shares in the last quarter. Finally, Platinum Investment Management Ltd. lifted its stake in shares of Capri by 9.1% during the 2nd quarter. Platinum Investment Management Ltd. now owns 2,295 shares of the company’s stock worth $82,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

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.