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

Capri logo with Retail/Wholesale background

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has earned a consensus rating of "Hold" from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.50.

A number of research firms recently commented on CPRI. Wells Fargo & Company decreased their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays lowered their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price objective (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th.

Get Our Latest Stock Analysis on Capri

Capri Trading Down 2.4%

Shares of Capri stock opened at $19.27 on Friday. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm has a market cap of $2.27 billion, a PE ratio of -1.93, a P/E/G ratio of 0.42 and a beta of 1.67. The business's fifty day moving average is $17.61 and its two-hundred day moving average is $19.24. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share 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 firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. During the same period last year, the business posted $0.42 earnings per share. The company's quarterly revenue was down 15.4% compared to the same quarter last year. Analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SWS Partners boosted its holdings in Capri by 2.5% in the first quarter. SWS Partners now owns 71,484 shares of the company's stock worth $1,410,000 after purchasing an additional 1,763 shares in the last quarter. Bayforest Capital Ltd grew its stake in Capri by 569.1% during the first quarter. Bayforest Capital Ltd now owns 35,330 shares of the company's stock worth $697,000 after buying an additional 30,050 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capri by 23.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company's stock valued at $8,337,000 after purchasing an additional 80,928 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Capri during the first quarter valued at approximately $11,502,000. Finally, Goldman Sachs Group Inc. boosted its stake in Capri by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock valued at $15,084,000 after acquiring an additional 139,809 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

About Capri

(Get Free Report

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.

Further Reading

Analyst Recommendations for Capri (NYSE:CPRI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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