Capri (NYSE:CPRI) Given New $18.00 Price Target at JPMorgan Chase & Co.

Capri (NYSE:CPRI - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $19.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

CPRI has been the topic of a number of other research reports. Bank of America started coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price on the stock. Barclays decreased 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. Guggenheim reiterated a "buy" rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.50.

Capri Price Performance

Shares of NYSE:CPRI traded down $0.70 during trading hours on Thursday, hitting $17.42. 2,757,276 shares of the company's stock traded hands, compared to its average volume of 3,306,370. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -2.04, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. 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 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The company's fifty day simple moving average is $16.33 and its two-hundred day simple moving average is $20.06.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The business's quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that Capri will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of hedge funds have recently bought and sold shares of CPRI. FMR LLC boosted its stake in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the period. Norges Bank acquired a new position in shares of Capri during the fourth quarter worth approximately $58,070,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Capri in the fourth quarter valued at approximately $48,953,000. Junto Capital Management LP bought a new stake in shares of Capri in the fourth quarter valued at approximately $26,112,000. Finally, American Century Companies Inc. increased its position in Capri by 143.3% during the first quarter. American Century Companies Inc. now owns 2,039,887 shares of the company's stock worth $40,247,000 after acquiring an additional 1,201,488 shares during the period. 84.34% of the stock is currently owned by institutional investors.

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.