Capri Holdings Limited (NYSE:CPRI) Given Average Rating of "Hold" by Analysts

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $22.50.

CPRI has been the subject of several research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 price target (up from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Barclays reduced their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company reduced their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird reduced their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Capri Trading Down 2.7%

CPRI stock traded down $0.52 during trading on Friday, hitting $18.67. 836,230 shares of the company traded hands, compared to its average volume of 3,524,105. The firm has a market capitalization of $2.20 billion, a PE ratio of -1.88, a P/E/G ratio of 0.41 and a beta of 1.67. Capri has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a 50-day moving average of $17.61 and a 200-day moving average of $19.21. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company's revenue for the quarter was down 15.4% on a year-over-year basis. Analysts predict that Capri will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Capri by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company's stock valued at $21,146,000 after buying an additional 73,672 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Capri during the fourth quarter valued at approximately $344,000. Arizona State Retirement System lifted its position in shares of Capri by 1.8% in the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after buying an additional 596 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Capri in the fourth quarter worth about $2,167,000. Finally, Swiss National Bank lifted its position in shares of Capri by 1.7% in the fourth quarter. Swiss National Bank now owns 231,600 shares of the company's stock worth $4,877,000 after buying an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

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.