Capri (NYSE:CPRI) Price Target Cut to $19.00 by Analysts at Barclays

Capri (NYSE:CPRI) had its price objective decreased by stock analysts at Barclays from $21.00 to $19.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 12.48% from the stock’s previous close.

A number of other research firms have also recently commented on CPRI. Wells Fargo & Company boosted their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, November 26th. Robert W. Baird reduced their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.18.

Capri Trading Up 1.5 %

Shares of CPRI stock opened at $21.71 on Thursday. The company has a market capitalization of $2.56 billion, a PE ratio of -7.09, a price-to-earnings-growth ratio of 5.76 and a beta of 2.06. Capri has a 52-week low of $18.70 and a 52-week high of $47.80. The business’s fifty day moving average is $22.63 and its 200 day moving average is $29.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, equities research analysts anticipate that Capri will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPRI. Avior Wealth Management LLC boosted its position in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares during the period. Arizona State Retirement System boosted its holdings in shares of Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after purchasing an additional 596 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after purchasing an additional 643 shares during the period. KBC Group NV increased its holdings in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. Finally, CWM LLC raised its position in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

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.