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

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $23.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 1.99% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Guggenheim restated a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. TD Cowen reduced their target price on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Finally, Bank of America started coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Stock Performance

NYSE CPRI opened at $22.55 on Thursday. The business’s 50-day simple moving average is $22.57 and its 200-day simple moving average is $28.54. The firm has a market capitalization of $2.66 billion, a P/E ratio of -2.64, a P/E/G ratio of 7.67 and a beta of 2.06. Capri has a 1-year low of $18.70 and a 1-year high of $47.29. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $1.20 earnings per share. Equities analysts predict that Capri will post 0.98 EPS for the current year.

Hedge Funds Weigh In On Capri

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Capri by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company’s stock worth $239,613,000 after purchasing an additional 151,866 shares during the period. FMR LLC increased its position in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock worth $210,339,000 after buying an additional 7,129,123 shares during the period. Primecap Management Co. CA lifted its stake in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock valued at $98,736,000 after buying an additional 547,578 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after acquiring an additional 3,885,732 shares during the period. Finally, Norges Bank bought a new stake in Capri in the 4th quarter valued at about $58,070,000. Institutional investors own 84.34% of the company’s stock.

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.