Capri Holdings Limited (NYSE:CPRI) Given Consensus Recommendation of “Hold” by Brokerages

Capri Holdings Limited (NYSE:CPRI) has received an average recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.92.

Several equities research analysts have recently commented on CPRI shares. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Barclays decreased their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group raised their target price on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the last quarter. Pacer Advisors Inc. lifted its position in Capri by 22,554.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after buying an additional 3,885,732 shares in the last quarter. Norges Bank acquired a new position in shares of Capri during the 4th quarter worth about $58,070,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Capri in the 4th quarter valued at about $48,953,000. Finally, Junto Capital Management LP bought a new stake in Capri during the fourth quarter worth about $26,112,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Down 3.8 %

Capri stock opened at $20.89 on Friday. Capri has a 12 month low of $18.70 and a 12 month high of $47.17. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $22.64 and a two-hundred day moving average price of $27.74.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $1.20 EPS. As a group, equities analysts forecast that Capri will post 0.98 EPS for the current year.

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.