Capri (NYSE:CPRI) had its price objective reduced by analysts at MKM Partners from $35.00 to $15.00 in a report released on Monday, The Fly reports. MKM Partners’ price target points to a potential downside of 4.03% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Guggenheim reduced their price objective on shares of Capri from $45.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Needham & Company LLC reissued a “hold” rating on shares of Capri in a research note on Monday. Morgan Stanley reduced their price objective on shares of Capri from $33.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. ValuEngine raised shares of Capri from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 25th. Finally, Piper Sandler lowered shares of Capri from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $16.00 in a research report on Monday, May 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Capri currently has a consensus rating of “Hold” and a consensus price target of $32.31.

Shares of NYSE CPRI opened at $15.63 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.77 and a quick ratio of 0.36. The company has a market capitalization of $2.15 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.88. The firm’s 50-day moving average is $16.82 and its two-hundred day moving average is $13.94. Capri has a 12-month low of $5.42 and a 12-month high of $39.90.

Several institutional investors have recently added to or reduced their stakes in CPRI. State Street Corp lifted its position in shares of Capri by 0.7% in the 1st quarter. State Street Corp now owns 6,923,932 shares of the company’s stock worth $74,709,000 after buying an additional 46,704 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Capri by 57.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,853,370 shares of the company’s stock worth $19,998,000 after buying an additional 676,273 shares during the last quarter. Phoenix Holdings Ltd. lifted its position in shares of Capri by 18.3% in the 1st quarter. Phoenix Holdings Ltd. now owns 695,680 shares of the company’s stock worth $7,332,000 after buying an additional 107,788 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Capri in the 1st quarter worth about $3,450,000. Finally, Proxima Capital Management LLC bought a new position in shares of Capri in the 1st quarter worth about $1,457,000. 92.34% of the stock is owned by institutional investors.

Capri Company Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Analyst Recommendations for Capri (NYSE:CPRI)

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