JPMorgan Chase & Co. Lowers Capri (NYSE:CPRI) Price Target to $18.00

Capri (NYSE:CPRI - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $19.00 to $18.00 in a research report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Guggenheim restated a "buy" rating and set a $30.00 price target on shares of Capri in a report on Wednesday, February 12th. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price target (up from $17.00) on shares of Capri in a report on Wednesday. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Finally, Barclays reduced their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $22.50.

Capri Stock Down 2.0%

NYSE:CPRI traded down $0.37 during trading hours on Thursday, reaching $18.14. The company's stock had a trading volume of 3,286,106 shares, compared to its average volume of 3,306,285. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. Capri has a one year low of $11.86 and a one year high of $43.34. The business's 50-day moving average is $16.33 and its 200-day moving average is $20.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The company's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. Equities research analysts predict that Capri will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Capri by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after buying an additional 151,866 shares in the last quarter. FMR LLC increased its holdings in shares of Capri by 249.4% during the fourth 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 in the last quarter. Primecap Management Co. CA increased its holdings in shares of Capri by 10.6% during the first quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock worth $102,275,000 after buying an additional 495,387 shares in the last quarter. Norges Bank acquired a new stake in shares of Capri during the fourth quarter worth approximately $58,070,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Capri by 72.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock worth $54,647,000 after buying an additional 1,088,051 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

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.