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

Key Points

• Capri Holdings Limited (NYSE:CPRI) has received a consensus rating of "Hold" from fifteen analysts, with recommendations of one sell, eight hold, and six buy ratings.
• The average price target for Capri shares among analysts is $24.54, with individual targets ranging from $22.00 to $30.00.
• Capri's recent earnings report showed earnings per share of $0.50, exceeding analyst expectations, even though revenue has declined 6.0% year-over-year.

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) have earned an average rating of "Hold" from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.5385.

CPRI has been the subject of several recent analyst reports. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised Capri from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. BTIG Research initiated coverage on Capri in a research note on Tuesday, October 14th. They issued a "buy" rating and a $30.00 price target for the company. Telsey Advisory Group reissued a "market perform" rating and issued a $22.00 price target (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. Finally, UBS Group increased their price target on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after buying an additional 1,266 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Capri during the first quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Capri during the first quarter valued at about $30,000. Quantbot Technologies LP bought a new position in Capri during the second quarter valued at about $39,000. Finally, CWM LLC boosted its stake in Capri by 37.2% during the second quarter. CWM LLC now owns 2,360 shares of the company's stock valued at $42,000 after buying an additional 640 shares in the last quarter. Institutional investors own 84.34% of the company's stock.

Capri Price Performance

Shares of NYSE CPRI opened at $21.25 on Monday. Capri has a 1-year low of $11.86 and a 1-year high of $42.91. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. The business's fifty day moving average price is $20.78 and its two-hundred day moving average price is $18.43. The firm has a market capitalization of $2.53 billion, a PE ratio of -2.26, a P/E/G ratio of 0.45 and a beta of 1.82.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The firm had revenue of $797.00 million for the quarter, compared to analyst estimates of $773.18 million. During the same period last year, the company earned $0.04 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts expect that Capri will post 0.98 EPS for the current 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.

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