MKM Partners Cuts Capri (NYSE:CPRI) Price Target to $15.00
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.
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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