Capri (NYSE:CPRI) Coverage Initiated by Analysts at Bank of America

Bank of America began coverage on shares of Capri (NYSE:CPRI) in a report released on Monday. The brokerage issued a neutral rating and a $23.00 price target on the stock.

Several other equities research analysts have also commented on CPRI. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research note on Wednesday, February 5th. Robert W. Baird cut their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. TD Cowen decreased their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Capri currently has a consensus rating of “Hold” and an average target price of $25.92.

Capri Stock Up 1.4 %

CPRI opened at $21.99 on Monday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -2.57, a PEG ratio of 4.97 and a beta of 2.06. The firm has a 50 day moving average price of $22.60 and a 200-day moving average price of $29.13. Capri has a twelve month low of $18.70 and a twelve month high of $47.72. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the previous year, the firm posted $1.20 EPS. Equities research analysts forecast that Capri will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in shares of Capri in the 3rd quarter worth approximately $42,000. Twin Tree Management LP purchased a new position in Capri during the fourth quarter worth $45,000. Quarry LP bought a new position in Capri during the third quarter valued at $53,000. KBC Group NV increased its position in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after acquiring an additional 660 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.