Capri Holdings Limited (NYSE:CPRI) Given Average Recommendation of “Hold” by Brokerages

Capri Holdings Limited (NYSE:CPRI) has been given an average rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $24.08.

Several equities research analysts have commented on the stock. Barclays cut their price target on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Bank of America initiated coverage on Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Telsey Advisory Group dropped their price objective on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird decreased their target price on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, April 11th.

Institutional Investors Weigh In On Capri

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after purchasing an additional 1,266 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Capri in the 1st quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the 1st quarter worth approximately $30,000. UMB Bank n.a. boosted its position in shares of Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock worth $35,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in Capri in the fourth quarter valued at approximately $45,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Down 0.6%

CPRI stock opened at $17.22 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The stock has a market capitalization of $2.03 billion, a P/E ratio of -2.01, a P/E/G ratio of 7.80 and a beta of 1.64. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The business has a 50-day moving average of $16.71 and a 200-day moving average of $20.18.

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.