Capri (NYSE:CPRI) Price Target Lowered to $17.00 at Telsey Advisory Group

Capri (NYSE:CPRI - Free Report) had its price target cut by Telsey Advisory Group from $23.00 to $17.00 in a research report sent to investors on Friday, Marketbeat reports. They currently have a market perform rating on the stock.

Other analysts also recently issued reports about the stock. Barclays decreased their price objective on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company boosted their price objective on Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Bank of America assumed coverage on Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. Guggenheim restated a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.08.

Capri Stock Performance

Shares of Capri stock traded down $0.21 on Friday, hitting $13.29. 1,451,193 shares of the company's stock were exchanged, compared to its average volume of 3,113,558. Capri has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a 50-day simple moving average of $19.70 and a 200-day simple moving average of $23.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock has a market capitalization of $1.57 billion, a PE ratio of -1.55, a PEG ratio of 7.80 and a beta of 1.77.

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

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. FMR LLC grew its holdings in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock worth $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. Norges Bank purchased a new position in Capri in the 4th quarter worth about $58,070,000. Vaughan Nelson Investment Management L.P. bought a new stake in Capri during the 4th quarter valued at about $48,953,000. Finally, Junto Capital Management LP purchased a new stake in Capri in the 4th quarter valued at about $26,112,000. 84.34% of the stock is currently 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.