Brokerages Set Capri Holdings Limited (NYSE:CPRI) PT at $28.20

Capri Holdings Limited (NYSE:CPRI) has earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.20.

A number of analysts recently issued reports on the company. Robert W. Baird lowered their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. TD Cowen cut their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. Finally, Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Riverwater Partners LLC acquired a new position in Capri during the 3rd quarter valued at approximately $1,030,000. Primecap Management Co. CA grew its holdings in shares of Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the last quarter. Senvest Management LLC purchased a new stake in shares of Capri during the third quarter valued at $6,610,000. Anthracite Investment Company Inc. acquired a new position in shares of Capri in the 3rd quarter valued at $7,869,000. Finally, Aristides Capital LLC purchased a new position in Capri in the 2nd quarter worth $1,865,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Down 0.5 %

Shares of CPRI opened at $23.41 on Friday. The firm has a fifty day moving average price of $30.87 and a 200-day moving average price of $33.04. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.76 billion, a P/E ratio of -7.65, a P/E/G ratio of 4.99 and a beta of 2.05. Capri has a 12-month low of $18.70 and a 12-month high of $51.23.

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.