Capri (NYSE:CPRI) Stock Rating Reaffirmed by OTR Global

Capri (NYSE:CPRI)‘s stock had its “mixed” rating reissued by equities research analysts at OTR Global in a research report issued on Wednesday, Benzinga reports.

CPRI has been the topic of a number of other research reports. StockNews.com began coverage on shares of Capri in a report on Saturday, April 13th. They set a “hold” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $57.00 price target on shares of Capri in a report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.50.

Capri Stock Performance

Shares of Capri stock opened at $37.84 on Wednesday. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. The firm has a market capitalization of $4.41 billion, a P/E ratio of 21.26, a P/E/G ratio of 7.90 and a beta of 2.03. The company’s 50 day moving average price is $45.10 and its two-hundred day moving average price is $48.13.

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

Institutional Investors Weigh In On Capri

Several hedge funds and other institutional investors have recently bought and sold shares of CPRI. Norges Bank bought a new stake in Capri in the fourth quarter valued at $166,766,000. Alpine Associates Management Inc. bought a new stake in shares of Capri during the third quarter worth about $128,347,000. Westchester Capital Management LLC bought a new stake in shares of Capri during the third quarter worth about $87,352,000. PSquared Asset Management AG bought a new stake in shares of Capri during the third quarter worth about $61,090,000. Finally, Segantii Capital Management Ltd bought a new stake in shares of Capri during the third quarter worth about $52,347,000. 84.34% of the stock is owned by institutional investors.

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.