Capri Holdings Limited (NYSE:CPRI) Receives $24.08 Average PT from Analysts

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve research firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.08.

CPRI has been the subject of a number of recent analyst reports. Telsey Advisory Group dropped their price objective on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Jefferies Financial Group increased their price objective on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Guggenheim reiterated a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and raised their price target for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Finally, Barclays dropped their price objective on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th.

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares during the last quarter. FMR LLC increased its holdings in shares of Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after buying an additional 7,129,123 shares during the last quarter. Primecap Management Co. CA grew its position in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after acquiring an additional 547,578 shares during the period. Pacer Advisors Inc. increased its position in shares of Capri by 22,554.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock worth $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. Finally, Norges Bank purchased a new position in Capri during the fourth quarter worth about $58,070,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Price Performance

CPRI stock traded up $0.02 during mid-day trading on Monday, hitting $15.04. The company had a trading volume of 2,948,151 shares, compared to its average volume of 3,120,761. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -1.76, a P/E/G ratio of 7.80 and a beta of 1.77. The company has a 50-day moving average price of $18.11 and a 200 day moving average price of $21.95. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. Capri has a 12-month low of $11.86 and a 12-month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, research analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Capri Company Profile

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.