Robert W. Baird Issues Pessimistic Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price objective reduced by Robert W. Baird from $26.00 to $18.00 in a research note published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently commented on CPRI. Jefferies Financial Group raised their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $31.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Telsey Advisory Group dropped their target price on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.08.

Capri Stock Up 0.2 %

CPRI stock opened at $14.66 on Friday. Capri has a 12 month low of $11.86 and a 12 month high of $43.34. 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 company has a market capitalization of $1.73 billion, a P/E ratio of -1.71, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The firm’s fifty day simple moving average is $20.00 and its 200-day simple moving average is $24.16.

Capri (NYSE:CPRI) last issued its quarterly earnings data 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 posted $1.20 earnings per share. As a group, equities research analysts forecast that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in Capri in the third quarter valued at approximately $42,000. Twin Tree Management LP purchased a new stake in Capri during the 4th quarter worth about $45,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Capri in the 4th quarter valued at about $74,000. KBC Group NV raised its position in shares of Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after purchasing an additional 2,546 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other 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.