Capri Holdings Limited (NYSE:CPRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have been given an average rating of “Hold” by the twelve research firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.92.

A number of equities research analysts have weighed in on CPRI shares. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and upped their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $29.00 in a report on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th.

Capri Price Performance

NYSE CPRI opened at $19.65 on Thursday. Capri has a 12 month low of $18.53 and a 12 month high of $45.70. The firm has a market capitalization of $2.32 billion, a PE ratio of -2.30, a P/E/G ratio of 7.80 and a beta of 2.10. The company’s 50 day simple moving average is $21.89 and its 200 day simple moving average is $25.69. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the firm earned $1.20 EPS. As a group, equities research analysts forecast that Capri will post 0.98 EPS for the current fiscal year.

Institutional Trading of Capri

Large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new position in Capri in the 3rd quarter valued at $42,000. Twin Tree Management LP bought a new stake in Capri during the fourth quarter valued at about $45,000. Quarry LP acquired a new stake in shares of Capri in the third quarter valued at about $53,000. Aster Capital Management DIFC Ltd bought a new position in shares of Capri in the fourth quarter worth about $74,000. Finally, KBC Group NV boosted its stake in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the period. 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.