Telsey Advisory Group Cuts Capri (NYSE:CPRI) Price Target to $23.00

Capri (NYSE:CPRI) had its price objective reduced by Telsey Advisory Group from $26.00 to $23.00 in a research note released on Friday morning, MarketBeat reports. Telsey Advisory Group currently has a market perform rating on the stock.

Several other equities analysts have also commented on the stock. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. UBS Group cut their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company reduced their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $28.88.

Capri Trading Down 1.9 %

NYSE:CPRI opened at $20.61 on Friday. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The firm has a 50 day moving average of $34.30 and a 200 day moving average of $34.07. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -6.72, a PEG ratio of 4.33 and a beta of 2.05.

Institutional Investors Weigh In On Capri

Hedge funds and other institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the period. FMR LLC increased its position in shares of Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after acquiring an additional 2,274,149 shares during the period. Geode Capital Management LLC increased its holdings in Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after purchasing an additional 41,009 shares during the period. Dimensional Fund Advisors LP raised its holdings in Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after acquiring an additional 68,081 shares in the last quarter. Finally, Baupost Group LLC MA purchased a new stake in shares of Capri during the 2nd quarter worth $33,080,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.