Jefferies Financial Group Increases Capri (NYSE:CPRI) Price Target to $23.00

Capri (NYSE:CPRI) had its price objective lifted by research analysts at Jefferies Financial Group from $20.00 to $23.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 9.67% from the stock’s previous close.

A number of other equities analysts have also recently commented on CPRI. Barclays reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Robert W. Baird lowered their price objective 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. Wells Fargo & Company increased their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.36.

Capri Stock Down 0.9 %

Shares of NYSE CPRI opened at $25.46 on Tuesday. Capri has a 12-month low of $18.70 and a 12-month high of $49.36. The stock has a market cap of $3.00 billion, a P/E ratio of -8.32, a PEG ratio of 5.20 and a beta of 2.06. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $22.43 and its 200-day simple moving average is $29.70.

Capri (NYSE:CPRI) last released its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. As a group, equities analysts predict that Capri will post 1.65 EPS for the current fiscal year.

Institutional Trading of Capri

A number of institutional investors have recently bought and sold shares of CPRI. Algert Global LLC raised its stake in shares of Capri by 22.4% during the 2nd quarter. Algert Global LLC now owns 64,111 shares of the company’s stock worth $2,121,000 after buying an additional 11,741 shares during the last quarter. Invst LLC increased its holdings in Capri by 14.0% during the 2nd quarter. Invst LLC now owns 19,071 shares of the company’s stock valued at $647,000 after acquiring an additional 2,346 shares in the last quarter. Regal Investment Advisors LLC raised its position in Capri by 14.1% during the second quarter. Regal Investment Advisors LLC now owns 107,197 shares of the company’s stock worth $3,546,000 after acquiring an additional 13,278 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Capri in the second quarter valued at about $429,000. Finally, Aristides Capital LLC acquired a new stake in shares of Capri in the second quarter valued at approximately $1,865,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Company Profile

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.