Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $40.40

Capri Holdings Limited (NYSE:CPRI) has received an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.40.

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 price objective on shares of Capri in a research report on Thursday, May 30th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company decreased their target price on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group decreased their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, May 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL grew its position in shares of Capri by 5.8% in the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after acquiring an additional 350 shares during the period. Signaturefd LLC grew its position 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 acquiring an additional 351 shares during the period. Private Wealth Management Group LLC bought a new position in shares of Capri in the 4th quarter valued at about $25,000. EMC Capital Management grew its position in shares of 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 period. Finally, Swiss National Bank grew its position in shares of Capri by 0.3% in the 1st quarter. Swiss National Bank now owns 229,500 shares of the company’s stock valued at $10,396,000 after acquiring an additional 600 shares during the period. Institutional investors own 84.34% of the company’s stock.

Capri Trading Up 3.2 %

CPRI opened at $39.89 on Friday. The firm’s fifty day moving average is $34.53 and its two-hundred day moving average is $36.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The firm has a market cap of $4.65 billion, a PE ratio of -20.25, a price-to-earnings-growth ratio of 6.66 and a beta of 1.97. Capri has a twelve month low of $29.28 and a twelve month high of $52.88.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate that Capri will post 2.12 EPS for the current 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.