Telsey Advisory Group Reaffirms Market Perform Rating for Capri (NYSE:CPRI)

Telsey Advisory Group reaffirmed their market perform rating on shares of Capri (NYSE:CPRI) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $23.00 price target on the stock.

CPRI has been the subject of a number of other research reports. Barclays lowered their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America began coverage on shares of Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price for the company. Jefferies Financial Group upped their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.92.

Capri Trading Up 1.5 %

CPRI opened at $19.65 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -2.30, a P/E/G ratio of 7.80 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. Capri has a twelve month low of $18.53 and a twelve month high of $45.70. The company has a 50-day simple moving average of $21.89 and a 200 day simple moving average of $25.69.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the company posted $1.20 EPS. Analysts predict that Capri will post 0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CPRI. Sunbelt Securities Inc. bought a new position in Capri during the third quarter worth $42,000. Quarry LP bought a new position in shares of Capri in the 3rd quarter worth about $53,000. Twin Tree Management LP acquired a new position in shares of Capri in the 4th quarter valued at about $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the 4th quarter valued at about $74,000. Finally, KBC Group NV grew its stake in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the period. Institutional investors and hedge funds 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.