Capri (NYSE:CPRI) Price Target Lowered to $25.00 at Wells Fargo & Company

Capri (NYSE:CPRI) had its price objective reduced by Wells Fargo & Company from $30.00 to $25.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on CPRI. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird decreased their target price on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Barclays cut their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Bank of America initiated coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price for the company. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.08.

Capri Stock Up 0.2 %

NYSE CPRI opened at $14.66 on Friday. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The business has a fifty day moving average price of $20.00 and a two-hundred day moving average price of $24.16. 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 $1.73 billion, a PE ratio of -1.71, a PEG ratio of 7.80 and a beta of 1.77.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock valued at $720,000 after buying an additional 596 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after acquiring an additional 643 shares during the period. Xponance Inc. boosted its position in Capri by 5.7% in the fourth quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after purchasing an additional 757 shares during the last quarter. Investors Research Corp grew its position in shares of Capri by 3.8% during the 1st quarter. Investors Research Corp now owns 21,669 shares of the company’s stock valued at $428,000 after acquiring an additional 800 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Capri during the 3rd quarter worth approximately $42,000. 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.