OTR Global Reaffirms Mixed Rating for Capri (NYSE:CPRI)

Capri (NYSE:CPRI - Get Free Report)'s stock had its "mixed" rating reissued by stock analysts at OTR Global in a research note issued on Wednesday, Benzinga reports.

Other research analysts have also issued research reports about the stock. StockNews.com began coverage on shares of Capri in a report on Saturday. They issued a "hold" rating for the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $57.00 price objective on shares of Capri in a report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $50.50.

Capri Price Performance

Shares of CPRI stock traded down $1.06 on Wednesday, reaching $37.87. The company had a trading volume of 3,737,367 shares, compared to its average volume of 1,221,997. The stock has a market capitalization of $4.41 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 7.98 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri has a one year low of $34.17 and a one year high of $54.52. The business's 50-day moving average is $45.30 and its 200 day moving average is $48.20.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. Equities research analysts forecast that Capri will post 3.8 EPS for the current fiscal year.

Institutional Trading of Capri

Large investors have recently modified their holdings of the stock. Private Wealth Management Group LLC acquired a new stake in shares of Capri during the 4th quarter worth approximately $25,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Capri during the 2nd quarter worth approximately $63,000. Vima LLC acquired a new stake in shares of Capri during the 4th quarter worth approximately $70,000. U S Global Investors Inc. acquired a new stake in shares of Capri during the 4th quarter worth approximately $75,000. Finally, Fifth Third Bancorp grew its position in shares of Capri by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company's stock worth $91,000 after buying an additional 440 shares during the period. 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.