Capri Holdings Limited (NYSE:CPRI) Receives $27.55 Average PT from Analysts

Capri Holdings Limited (NYSE:CPRI) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.55.

Several research analysts have issued reports on CPRI shares. Telsey Advisory Group cut their price target on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. TD Cowen lowered their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Finally, Barclays restated an “equal weight” rating and issued a $21.00 target price on shares of Capri in a report on Wednesday, November 20th.

Institutional Investors Weigh In On Capri

Hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Capri in the third quarter valued at approximately $42,000. Quarry LP bought a new stake in shares of Capri in the third quarter valued at $53,000. KBC Group NV lifted its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after buying an additional 652 shares during the last quarter. CWM LLC grew its stake in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after acquiring an additional 533 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

CPRI stock opened at $23.80 on Friday. Capri has a 1 year low of $18.70 and a 1 year high of $50.79. The stock has a market capitalization of $2.81 billion, a PE ratio of -7.78, a price-to-earnings-growth ratio of 5.01 and a beta of 2.06. The company’s 50-day moving average is $21.76 and its 200-day moving average is $30.13. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

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.