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

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.

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.0833.

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

Capri Stock Performance

Capri stock traded up $0.22 during midday trading on Friday, reaching $20.81. 671,242 shares of the company's stock were exchanged, compared to its average volume of 3,585,387. Capri has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -2.21, a P/E/G ratio of 0.44 and a beta of 1.75. The stock's 50-day simple moving average is $19.52 and its 200 day simple moving average is $18.46.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $797.00 million during the quarter, compared to analysts' expectations of $773.18 million. During the same quarter last year, the company posted $0.04 earnings per share. Capri's quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPRI. Primecap Management Co. CA lifted its stake in Capri by 0.6% in the second quarter. Primecap Management Co. CA now owns 5,215,404 shares of the company's stock worth $92,313,000 after purchasing an additional 31,684 shares during the last quarter. State Street Corp raised its stake in shares of Capri by 19.3% during the second quarter. State Street Corp now owns 4,479,231 shares of the company's stock valued at $79,282,000 after acquiring an additional 724,967 shares during the last quarter. Norges Bank purchased a new position in shares of Capri during the second quarter valued at about $55,906,000. Geode Capital Management LLC increased its position in shares of Capri by 42.2% during the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company's stock valued at $51,032,000 after buying an additional 855,330 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Capri by 72.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock worth $54,647,000 after purchasing an additional 1,088,051 shares during the period. 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.