Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $24.08

Key Points

• Capri Holdings Limited has received a consensus recommendation of "Hold" from thirteen analysts, with eight recommending a hold and five a buy.
• The average 12-month price target for Capri's stock among brokers is $24.08, influenced by recent upgrades from various research analysts.
• Capri's stock price recently dropped by 4.6%, and the company reported earnings of $0.50 per share, significantly exceeding analyst expectations.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.0833.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised Capri from a "neutral" rating to an "overweight" rating and upped their target price for the company from $21.00 to $30.00 in a report on Wednesday, August 13th. UBS Group increased their price objective on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Zacks Research raised Capri from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Telsey Advisory Group reissued a "market perform" rating and issued a $22.00 price objective (up from $20.00) on shares of Capri in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.60 during trading on Friday, hitting $21.72. 3,150,502 shares of the company traded hands, compared to its average volume of 2,713,874. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -2.31, a PEG ratio of 0.45 and a beta of 1.75. The business's fifty day moving average is $19.68 and its 200-day moving average is $18.47. Capri has a one year low of $11.86 and a one year high of $43.34. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to analyst estimates of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The business's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 earnings per share. As a group, equities analysts predict that Capri will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Capri during the 1st quarter valued at $30,000. Allspring Global Investments Holdings LLC bought a new position in Capri during the 1st quarter valued at $826,000. Bayesian Capital Management LP bought a new position in Capri during the 4th quarter valued at $767,000. Cambridge Investment Research Advisors Inc. boosted its stake in Capri by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company's stock valued at $363,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Capri by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company's stock valued at $21,116,000 after purchasing an additional 66,173 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

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.