UBS Group Forecasts Strong Price Appreciation for Capri (NYSE:CPRI) Stock

Capri (NYSE:CPRI - Get Free Report) had its target price upped by equities research analysts at UBS Group from $14.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 3.33% from the company's current price.

A number of other research analysts also recently issued reports on the company. 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. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price target (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Bank of America assumed coverage on shares of Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Finally, Guggenheim reiterated a "buy" rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.50.

Capri Trading Down 3.9%

Shares of Capri stock traded down $0.70 during trading on Thursday, hitting $17.42. The company's stock had a trading volume of 2,757,276 shares, compared to its average volume of 3,306,370. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -2.04, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri has a 52 week low of $11.86 and a 52 week high of $43.34. The stock has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $20.06.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly 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). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period in the previous year, the company posted $0.42 EPS. The company's quarterly revenue was down 15.4% on a year-over-year basis. Equities research analysts anticipate that Capri will post 0.98 EPS for the current fiscal year.

Institutional Trading of Capri

A number of large investors have recently bought and sold shares of CPRI. 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 buying an additional 1,266 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Capri in the 1st quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Capri during the first quarter valued at about $30,000. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 1,020 shares during the last quarter. Finally, Twin Tree Management LP bought a new position in Capri during the fourth quarter worth about $45,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.