Capri’s (CPRI) Market Perform Rating Reiterated at Telsey Advisory Group

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $23.00 price objective on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 18.72% from the stock’s current price.

A number of other analysts have also recently commented on CPRI. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Barclays reduced their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group raised their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Bank of America initiated coverage on shares of Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.92.

Capri Price Performance

Shares of NYSE:CPRI opened at $19.37 on Wednesday. The business has a 50-day simple moving average of $22.09 and a two-hundred day simple moving average of $25.86. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -2.27, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri has a fifty-two week low of $18.53 and a fifty-two week high of $45.70.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share 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 quarter in the prior year, the company posted $1.20 EPS. On average, analysts expect that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its position in shares of Capri by 41.7% during the third quarter. Cerity Partners LLC now owns 13,143 shares of the company’s stock worth $558,000 after acquiring an additional 3,869 shares during the last quarter. FMR LLC lifted its stake in Capri by 389.2% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Capri by 76.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company’s stock valued at $13,659,000 after purchasing an additional 139,063 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Capri by 53.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 104,000 shares of the company’s stock valued at $4,414,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Capri by 27.0% in the third quarter. Itau Unibanco Holding S.A. now owns 7,000 shares of the company’s stock worth $297,000 after purchasing an additional 1,489 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

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.