Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s share price gapped up prior to trading on Tuesday after Raymond James Financial upgraded the stock from a market perform rating to an outperform rating. The stock had previously closed at $21.43, but opened at $22.13. Raymond James Financial now has a $25.00 price target on the stock. Capri shares last traded at $22.26, with a volume of 777,913 shares trading hands.
Other analysts have also recently issued reports about the company. Zacks Research upgraded Capri from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $22.00 price objective (up previously from $20.00) on shares of Capri in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Capri in a report on Wednesday, October 8th. UBS Group raised their price objective on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, BTIG Research initiated coverage on Capri in a report on Tuesday, October 14th. They set a "buy" rating and a $30.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.57.
Check Out Our Latest Research Report on CPRI
Institutional Investors Weigh In On Capri
Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted 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 valued at $28,000 after acquiring an additional 1,266 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Capri during the 1st quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Capri during the 1st quarter valued at approximately $29,000. Quantbot Technologies LP acquired a new stake in shares of Capri during the 2nd quarter valued at approximately $39,000. Finally, Brooklyn Investment Group lifted its position in shares of Capri by 267.3% during the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company's stock valued at $46,000 after acquiring an additional 1,711 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.
Capri Stock Performance
The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -2.37, a P/E/G ratio of 0.45 and a beta of 1.82. The stock's 50-day moving average price is $20.82 and its 200-day moving average price is $18.48.
Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The firm had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. During the same period in the previous year, the firm posted $0.04 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.
Capri Company Profile
(
Get Free Report)
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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