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

Capri Holdings Limited (NYSE:CPRI) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.50.

CPRI has been the subject of several research reports. UBS Group raised their target price on Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 target price (up from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Wells Fargo & Company lowered their target price on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price target on shares of Capri from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Finally, Barclays lowered their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th.

Hedge Funds Weigh In On Capri

Several institutional investors have recently bought and sold shares of CPRI. Farther Finance Advisors LLC increased its stake in shares of 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 buying an additional 1,266 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Capri during the 1st quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Capri in the 1st quarter valued at about $30,000. UMB Bank n.a. raised its stake in shares of Capri by 134.9% in the first 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 during the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Capri in the fourth quarter worth about $45,000. Institutional investors own 84.34% of the company’s stock.

Capri Trading Up 5.1%

Shares of Capri stock opened at $17.39 on Tuesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -2.03, a PEG ratio of 7.80 and a beta of 1.70. Capri has a 1 year low of $11.86 and a 1 year high of $43.34. The company’s fifty day simple moving average is $16.38 and its 200-day simple moving average is $19.74. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Capri will post 0.98 EPS for the current year.

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.