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

Shares of Capri Holdings Limited (NYSE:CPRI) have been given a consensus rating of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $47.75.

CPRI has been the topic of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $41.00 in a research note on Monday, June 17th. StockNews.com initiated coverage on shares of Capri in a research note on Saturday, April 13th. They set a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 price objective on shares of Capri in a research note on Thursday, May 30th. Finally, OTR Global reissued a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th.

Capri Stock Up 2.5 %

Shares of NYSE CPRI opened at $33.90 on Tuesday. The firm has a market capitalization of $3.95 billion, a PE ratio of -17.21, a price-to-earnings-growth ratio of 3.35 and a beta of 2.00. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.79. Capri has a 1 year low of $30.79 and a 1 year high of $54.52. The firm’s 50-day moving average is $34.29 and its 200-day moving average is $42.46.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.30). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. Equities analysts expect that Capri will post 3.45 EPS for the current year.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Wealth Management Group LLC acquired a new position in Capri during the fourth quarter worth $25,000. EMC Capital Management increased its holdings in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the last quarter. Swiss National Bank increased its holdings in Capri by 0.3% during the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after buying an additional 600 shares during the last quarter. Bessemer Group Inc. increased its holdings in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in Capri by 171.8% during the first quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock worth $51,000 after buying an additional 708 shares during the last quarter. 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.