Capri (NYSE:CPRI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.
Several other equities analysts also recently issued reports on CPRI. Robert W. Baird reduced their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price target on shares of Capri from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a research note on Wednesday. Finally, UBS Group increased their price target on shares of Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Capri currently has a consensus rating of "Hold" and a consensus target price of $23.33.
View Our Latest Analysis on Capri
Capri Price Performance
Shares of CPRI stock traded down $1.05 during trading hours on Friday, hitting $19.72. The company's stock had a trading volume of 3,469,535 shares, compared to its average volume of 3,309,160. The business has a fifty day moving average of $18.30 and a 200-day moving average of $18.75. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -2.10, a P/E/G ratio of 0.42 and a beta of 1.72. Capri has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97.
Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.37. The business had revenue of $797.00 million for the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, equities research analysts anticipate that Capri will post 0.98 EPS for the current year.
Institutional Investors Weigh In On Capri
A number of large investors have recently added to or reduced their stakes in CPRI. Farther Finance Advisors LLC lifted its position in shares of Capri by 758.1% in 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 last quarter. Banque Cantonale Vaudoise bought a new position in shares of Capri in the 1st quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Capri in the 1st quarter worth about $30,000. UMB Bank n.a. lifted its position in shares of Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after buying an additional 1,020 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Capri by 37.2% in the 2nd quarter. CWM LLC now owns 2,360 shares of the company's stock worth $42,000 after buying an additional 640 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.
About Capri
(
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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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