Robert W. Baird Lowers Capri (NYSE:CPRI) Price Target to $18.00

Capri (NYSE:CPRI - Free Report) had its price target trimmed by Robert W. Baird from $26.00 to $18.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

CPRI has been the topic of several other reports. Bank of America started coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price on the stock. Guggenheim reissued a "buy" rating and set a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Finally, Telsey Advisory Group dropped their price objective on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Capri presently has a consensus rating of "Hold" and a consensus price target of $24.08.

Capri Price Performance

CPRI traded down $0.26 on Friday, reaching $13.24. The stock had a trading volume of 1,629,937 shares, compared to its average volume of 3,113,931. The firm has a 50-day moving average of $19.70 and a 200-day moving average of $23.91. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -1.55, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the company earned $1.20 EPS. As a group, sell-side analysts anticipate that Capri will post 0.98 EPS for the current year.

Institutional Trading of Capri

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Capri during the 3rd quarter valued at $42,000. Farther Finance Advisors LLC increased its stake in Capri by 758.1% in 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. UMB Bank n.a. increased its stake in Capri by 134.9% in the 1st 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 during the last quarter. Twin Tree Management LP bought a new position in shares of Capri during the 4th quarter worth approximately $45,000. Finally, Fifth Third Bancorp boosted its stake in shares of Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after buying an additional 1,365 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

About Capri

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.