Brokerages Set Capri Holdings Limited (NYSE:CPRI) Target Price at $47.75

Capri Holdings Limited (NYSE:CPRI) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $47.75.

A number of research firms have issued reports on CPRI. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $57.00 to $43.00 in a research note on Tuesday, June 25th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $41.00 in a research note on Monday, June 17th. OTR Global reaffirmed a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. StockNews.com began coverage on Capri in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group reduced their price objective on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th.

Hedge Funds Weigh In On Capri

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Capri by 1,580.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock valued at $123,000 after acquiring an additional 3,492 shares during the last quarter. Invst LLC bought a new position in Capri in the 1st quarter valued at $759,000. Swedbank AB bought a new position in Capri in the 1st quarter valued at $8,401,000. EMC Capital Management grew 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 acquiring an additional 596 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Capri by 116.8% in the 1st quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock valued at $12,101,000 after acquiring an additional 143,899 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Down 0.3 %

NYSE CPRI opened at $33.33 on Tuesday. The stock’s 50 day moving average is $34.15 and its 200 day moving average is $42.22. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.79. Capri has a 12 month low of $30.79 and a 12 month high of $54.52. The stock has a market cap of $3.89 billion, a PE ratio of -16.92, a P/E/G ratio of 3.38 and a beta of 2.01.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts predict that Capri will post 3.45 EPS for the current fiscal year.

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.