Capri (NYSE:CPRI) Given "Market Perform" Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated its "market perform" rating for Capri (CPRI), setting a price target of $20.00, suggesting a potential upside of 9.62% from the current price.
• Other analysts have varied opinions on Capri, with Barclays lowering the target to $13.00 and JPMorgan Chase raising it to $21.00, reflecting uncertainty in the stock's outlook.
• Capri reported quarterly earnings of $0.50 EPS, significantly beating the consensus estimate of $0.13, although its revenue was down 6.0% compared to the previous year.

Telsey Advisory Group reissued their market perform rating on shares of Capri (NYSE:CPRI - Free Report) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a $22.00 price objective on the stock, up from their prior price objective of $20.00.

A number of other research analysts also recently issued reports on the company. UBS Group lifted their price target on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Robert W. Baird lowered their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Finally, Barclays cut their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capri presently has a consensus rating of "Hold" and a consensus target price of $23.33.

Capri Stock Performance

Shares of Capri stock traded down $1.05 during trading on Wednesday, hitting $19.72. 3,469,535 shares of the stock traded hands, compared to its average volume of 3,234,043. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.17. The stock's fifty day simple moving average is $18.30 and its 200 day simple moving average is $18.79. Capri has a 52-week low of $11.86 and a 52-week high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results 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 net margin of 26.73% and a negative return on equity of 53.50%. The company had revenue of $797.00 million for the quarter, compared to analysts' expectations of $773.18 million. During the same period in the prior year, the business earned $0.04 EPS. The firm's quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts expect that Capri will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently made changes to their positions in CPRI. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Capri during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new position in shares of Capri in the first quarter valued at approximately $29,000. UMB Bank n.a. increased its position 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 worth $35,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after purchasing an additional 1,365 shares in the last quarter. 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.