Capri Holdings Limited (NYSE:CPRI) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Capri Holdings Limited has received an average recommendation of "Hold" from twelve brokerages, with eight analysts recommending hold and four suggesting a buy.
• The average one-year price target for Capri's stock is $22.75, and recent brokerage reports have varied widely, with target prices ranging from $13.00 to $30.00.
• Capri reported a significant earnings miss, with a loss of ($4.90) per share compared to analysts' expectations of $0.22, leading to a 15.4% decline in year-over-year revenue.

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) have earned an average rating of "Hold" from the twelve brokerages that are currently covering the firm, Marketbeat reports. Eight 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 objective among brokerages that have covered the stock in the last year is $22.75.

Several brokerages recently commented on CPRI. JPMorgan Chase & Co. upped their target price on Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Robert W. Baird reduced their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Barclays dropped their target price 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. Wells Fargo & Company lowered their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $20.00 target price on shares of Capri in a research report on Wednesday, July 30th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after acquiring an additional 1,266 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Capri during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of Capri in the first quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after buying an additional 1,365 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Down 0.4%

NYSE:CPRI opened at $18.25 on Wednesday. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49. Capri has a one year low of $11.86 and a one year high of $43.34. The firm's 50 day simple moving average is $18.16 and its 200 day simple moving average is $18.87. The company has a market cap of $2.15 billion, a PE ratio of -1.83, a P/E/G ratio of 0.39 and a beta of 1.72.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, research analysts anticipate that Capri will post 0.98 earnings per share 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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