UBS Group Increases Capri (NYSE:CPRI) Price Target to $18.00

Capri (NYSE:CPRI - Get Free Report) had its target price boosted by equities research analysts at UBS Group from $14.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential downside of 0.77% from the stock's previous close.

A number of other analysts also recently commented on CPRI. Robert W. Baird dropped their price objective on 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 dropped their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Bank of America began coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Barclays dropped their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.50.

Capri Stock Performance

Capri stock traded down $0.37 during mid-day trading on Thursday, hitting $18.14. 3,286,106 shares of the company's stock traded hands, compared to its average volume of 3,299,316. The firm has a 50 day moving average price of $16.33 and a 200 day moving average price of $20.06. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.14 billion, a PE ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. Capri has a one year low of $11.86 and a one year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm's revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. On average, equities analysts forecast that Capri will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPRI. Farther Finance Advisors LLC grew its holdings in shares of Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after buying an additional 1,266 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Capri during the first quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri during the first quarter valued at $30,000. UMB Bank n.a. grew its holdings in shares of Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after buying an additional 1,020 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in Capri in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors 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.