Capri Holdings Limited (NYSE:CPRI) Receives Consensus Rating of “Hold” from Brokerages

Capri Holdings Limited (NYSE:CPRI) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $50.50.

A number of research firms have commented on CPRI. StockNews.com assumed coverage on shares of Capri in a research report on Saturday, April 13th. They issued a “hold” rating on the stock. OTR Global reissued a “mixed” rating on shares of Capri in a research note on Wednesday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $57.00 price objective on shares of Capri in a research report on Friday, February 9th.

Capri Stock Down 2.7 %

CPRI stock opened at $37.87 on Thursday. Capri has a one year low of $34.17 and a one year high of $54.52. The firm has a market cap of $4.41 billion, a PE ratio of 21.28, a PEG ratio of 7.98 and a beta of 2.03. The firm’s 50 day moving average price is $45.30 and its 200-day moving average price is $48.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. Capri’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that Capri will post 3.8 EPS for the current year.

Institutional Trading of Capri

A number of large investors have recently modified their holdings of the stock. Private Wealth Management Group LLC acquired a new position in Capri during the 4th quarter worth $25,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Capri in the 2nd quarter valued at approximately $63,000. Vima LLC acquired a new stake in shares of Capri in the 4th quarter valued at $70,000. U S Global Investors Inc. acquired a new position in shares of Capri during the 4th quarter worth about $75,000. Finally, Fifth Third Bancorp increased its holdings in shares of Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.