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

Capri Holdings Limited (NYSE:CPRI) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $27.90.

A number of equities analysts recently commented on CPRI shares. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 26th. Telsey Advisory Group lowered their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Finally, Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

Capri Trading Up 1.2 %

CPRI opened at $21.35 on Tuesday. The firm’s fifty day moving average price is $24.67 and its 200 day moving average price is $31.61. The stock has a market capitalization of $2.52 billion, a PE ratio of -6.98, a P/E/G ratio of 4.63 and a beta of 2.05. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Investors Weigh In On Capri

Large investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new position in Capri during the 3rd quarter worth $25,888,000. Rule One Partners LLC acquired a new stake in Capri in the third quarter worth about $2,483,000. Sunbelt Securities Inc. bought a new position in Capri in the 3rd quarter valued at about $42,000. Geode Capital Management LLC increased its stake in Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after buying an additional 41,009 shares during the period. Finally, M&T Bank Corp raised its position in shares of Capri by 21.5% during the 3rd quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock worth $357,000 after buying an additional 1,488 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

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.