Brokerages Set Capri Holdings Limited (NYSE:CPRI) PT at $47.75

Shares of Capri Holdings Limited (NYSE:CPRI) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.75.

A number of analysts have weighed in on the stock. Wells Fargo & Company raised shares of Capri from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $57.00 to $43.00 in a report on Tuesday, June 25th. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 target price on shares of Capri in a report on Thursday, May 30th. StockNews.com started coverage on shares of Capri in a report on Saturday, April 13th. They set a “hold” rating on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $56.00 to $41.00 in a report on Monday, June 17th. Finally, OTR Global reaffirmed a “mixed” rating on shares of Capri in a report on Wednesday, April 17th.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Wealth Management Group LLC bought a new position in Capri in the 4th quarter valued at about $25,000. Quent Capital LLC grew its position in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. Vima LLC bought a new position in shares of Capri during the 4th quarter valued at about $70,000. Finally, U S Global Investors Inc. bought a new position in shares of Capri during the 4th quarter valued at about $75,000. Institutional investors own 84.34% of the company’s stock.

Capri Trading Up 1.9 %

CPRI opened at $34.02 on Tuesday. The stock has a market capitalization of $3.97 billion, a PE ratio of -17.27, a P/E/G ratio of 3.38 and a beta of 2.01. The firm’s fifty day moving average price is $34.07 and its 200 day moving average price is $41.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44. Capri has a 12-month low of $30.79 and a 12-month high of $54.52.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.30). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, research analysts expect that Capri will post 3.45 EPS for the current fiscal 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.