Capri (NYSE:CPRI) Price Target Raised to $21.00

Key Points

• JPMorgan Chase & Co. raised Capri's price target from $18.00 to $21.00, indicating a potential upside of 7.02% from the current price, while maintaining a "neutral" rating.
• Capri's stock has experienced a significant decline, reporting a net margin of -26.61% and missing earnings expectations by $5.12 per share in the latest quarterly earnings.
• Institutional investors own 84.34% of Capri's stock, with notable increases in share ownership from firms like FMR LLC and American Century Companies Inc.

Capri (NYSE:CPRI - Get Free Report) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $18.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 7.02% from the company's current price.

A number of other brokerages have also recently commented on CPRI. Wells Fargo & Company dropped their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 price target (up from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Wall Street Zen cut Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Robert W. Baird dropped their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, UBS Group increased their price target on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus target price of $22.75.

Capri Stock Up 0.2%

NYSE CPRI opened at $19.62 on Monday. The business has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $19.09. 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 fifty-two week low of $11.86 and a fifty-two week high of $43.34. The stock has a market capitalization of $2.31 billion, a PE ratio of -1.97, a PEG ratio of 0.42 and a beta of 1.67.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). The business 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 quarterly revenue was down 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Equities analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

A number of institutional investors have recently bought and sold shares of CPRI. FMR LLC boosted its position in Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Norges Bank bought a new position in Capri during the fourth quarter worth $58,070,000. Junto Capital Management LP bought a new position in Capri during the fourth quarter worth $26,112,000. American Century Companies Inc. boosted its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 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 acquiring an additional 1,088,051 shares in the last quarter. Institutional investors 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.

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