Capri (NYSE:CPRI) PT Lowered to $39.00

Capri (NYSE:CPRI) had its price target dropped by research analysts at UBS Group from $41.00 to $39.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 15.35% from the stock’s current price.

A number of other brokerages have also issued reports on CPRI. OTR Global reiterated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Jefferies Financial Group cut their target price on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. StockNews.com initiated coverage on shares of Capri in a report on Saturday, April 13th. They issued a “hold” rating for the company. Wells Fargo & Company upgraded shares of Capri from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $57.00 to $43.00 in a report on Tuesday, June 25th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $56.00 to $41.00 in a research note on Monday, June 17th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.50.

Capri Trading Down 0.4 %

CPRI stock traded down $0.14 during midday trading on Wednesday, reaching $33.81. 128,823 shares of the company traded hands, compared to its average volume of 1,247,335. Capri has a 52-week low of $30.79 and a 52-week high of $54.52. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -17.16, a P/E/G ratio of 3.41 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 0.95. The business has a 50 day moving average of $33.54 and a 200-day moving average of $40.07.

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

Hedge Funds Weigh In On Capri

A number of hedge funds have recently modified their holdings of the stock. Brevan Howard Capital Management LP bought a new stake in shares of Capri in the fourth quarter worth about $3,153,000. Calamos Advisors LLC raised its position in Capri by 14.2% during the fourth quarter. Calamos Advisors LLC now owns 553,387 shares of the company’s stock valued at $27,802,000 after purchasing an additional 68,663 shares in the last quarter. Boulder Hill Capital Management LP acquired a new position in Capri during the 4th quarter worth approximately $1,904,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Capri by 26.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 48,524 shares of the company’s stock worth $2,438,000 after buying an additional 10,029 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in Capri by 17.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock valued at $7,312,000 after acquiring an additional 23,294 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

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.