Capri’s (CPRI) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Capri (NYSE:CPRI) in a research note released on Friday morning, Benzinga reports. The firm currently has a $26.00 price target on the stock.

Several other equities analysts also recently issued reports on CPRI. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. Wells Fargo & Company lowered their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. UBS Group reduced their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and an average target price of $31.50.

Capri Trading Up 0.2 %

NYSE CPRI opened at $20.14 on Friday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -8.09, a price-to-earnings-growth ratio of 3.37 and a beta of 2.05. Capri has a twelve month low of $18.75 and a twelve month high of $51.23. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $37.01 and its 200 day moving average is $35.05.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that Capri will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quent Capital LLC lifted its position in shares of Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after acquiring an additional 708 shares during the period. Bessemer Group Inc. boosted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares in the last quarter. CWM LLC boosted its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares in the last quarter. Signaturefd LLC grew its stake in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the period. Finally, EMC Capital Management increased its position in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares in the last quarter. 84.34% of the stock is currently owned by 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.