Telsey Advisory Group Reaffirms “Market Perform” Rating for Capri (NYSE:CPRI)

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $23.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 7.45% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Citigroup raised Capri from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group lifted their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. Finally, BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.18.

Capri Price Performance

Shares of NYSE CPRI opened at $21.41 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $47.80. The firm has a market capitalization of $2.52 billion, a PE ratio of -7.00, a price-to-earnings-growth ratio of 5.76 and a beta of 2.06. The stock’s 50-day simple moving average is $22.68 and its 200-day simple moving average is $29.33.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same period last year, the business posted $1.20 EPS. As a group, equities research analysts forecast that Capri will post 1.51 EPS for the current fiscal year.

Institutional Trading of Capri

Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Capri during the fourth quarter worth $48,953,000. FMR LLC boosted its position in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Capri during the third quarter worth $25,888,000. Finally, Primecap Management Co. CA boosted its position in Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares in the last quarter. 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.