Capri (NYSE:CPRI) Price Target Raised to $21.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised its price target for Capri Holdings (NYSE:CPRI) from $19.00 to $21.00, indicating a potential downside of 8.36% from the current stock price.
• Capri's stock ratings vary, with seven analysts recommending a "Buy" rating, eight a "Hold" rating, and one a "Sell" rating, reflecting a consensus target price of $24.43.
• In its recent earnings report, Capri reported a 0.50 EPS, significantly exceeding analyst expectations of $0.13, though its revenue was down 6.0% year-over-year.

Capri (NYSE:CPRI - Get Free Report) had its price target raised by Jefferies Financial Group from $19.00 to $21.00 in a research report issued on Thursday, Marketbeat reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective indicates a potential downside of 8.36% from the stock's current price.

CPRI has been the topic of several other research reports. Raymond James Financial raised shares of Capri from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Capri from a "neutral" rating to an "overweight" rating and raised their price target for the company from $21.00 to $30.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. BTIG Research started coverage on shares of Capri in a report on Tuesday, October 14th. They set a "buy" rating and a $30.00 price objective for the company. Finally, UBS Group upped their target price on shares of Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Capri presently has an average rating of "Hold" and a consensus target price of $24.43.

Capri Stock Performance

CPRI traded up $0.48 on Thursday, hitting $22.92. The company had a trading volume of 530,572 shares, compared to its average volume of 3,388,708. The company's fifty day moving average price is $20.89 and its 200 day moving average price is $18.53. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. Capri has a 1-year low of $11.86 and a 1-year high of $42.21. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 0.47 and a beta of 1.82.

Capri (NYSE:CPRI - Get Free Report) last released 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 analysts' expectations 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 for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 EPS. Equities analysts predict that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Capri

Several hedge funds and other institutional investors have recently modified their holdings of CPRI. Farther Finance Advisors LLC grew its position in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after buying an additional 1,266 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Capri by 14.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company's stock worth $363,000 after acquiring an additional 2,271 shares during the period. Avory & Company LLC grew its position in shares of Capri by 36.3% in the first quarter. Avory & Company LLC now owns 245,729 shares of the company's stock valued at $4,848,000 after purchasing an additional 65,422 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri in the 1st quarter worth about $30,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Capri in the 1st quarter valued at about $826,000. Institutional investors and hedge funds own 84.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.