Capri (NYSE:CPRI) Price Target Cut to $42.00 by Analysts at Telsey Advisory Group

Capri (NYSE:CPRI) had its price target trimmed by Telsey Advisory Group from $57.00 to $42.00 in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a market perform rating on the stock.

A number of other brokerages have also recently commented on CPRI. StockNews.com started coverage on Capri in a research report on Saturday, April 13th. They set a hold rating for the company. OTR Global reiterated a mixed rating on shares of Capri in a research report on Wednesday, April 17th. Thirteen equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Capri currently has an average rating of Hold and a consensus price target of $49.25.

Capri Price Performance

Shares of NYSE CPRI opened at $36.51 on Tuesday. 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 quick ratio of 0.49 and a current ratio of 1.06. The company has a market cap of $4.26 billion, a PE ratio of 20.51, a P/E/G ratio of 7.82 and a beta of 2.03. The business has a 50-day simple moving average of $44.75 and a two-hundred day simple moving average of $47.89.

Capri (NYSE:CPRI) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. As a group, equities analysts expect that Capri will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CPRI. Private Wealth Management Group LLC purchased a new position in shares of Capri in the 4th quarter valued at about $25,000. Vima LLC acquired a new stake in Capri in the fourth quarter valued at approximately $70,000. U S Global Investors Inc. acquired a new stake in Capri in the fourth quarter valued at approximately $75,000. Fifth Third Bancorp increased its position in shares of Capri by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after buying an additional 440 shares in the last quarter. Finally, EMC Capital Management acquired a new position in shares of Capri during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds 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.