Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $50.50

Capri Holdings Limited (NYSE:CPRI) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.25.

Several research analysts recently weighed in on CPRI shares. Telsey Advisory Group reduced their price target on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday. OTR Global restated a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Finally, StockNews.com initiated coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently modified their holdings of CPRI. SG Americas Securities LLC raised its holdings in shares of Capri by 27.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock valued at $285,000 after purchasing an additional 1,177 shares in the last quarter. GAM Holding AG acquired a new stake in Capri during the 3rd quarter worth $521,000. Avaii Wealth Management LLC acquired a new stake in Capri during the 3rd quarter worth $303,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Capri by 16.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,989 shares of the company’s stock worth $1,262,000 after acquiring an additional 3,409 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Capri by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock worth $593,000 after acquiring an additional 1,012 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Trading Down 3.0 %

CPRI stock opened at $35.41 on Thursday. The company’s 50-day simple moving average is $44.54 and its 200-day simple moving average is $47.78. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri has a 52-week low of $34.17 and a 52-week high of $54.52. The firm has a market cap of $4.13 billion, a P/E ratio of 19.89, a PEG ratio of 7.71 and a beta of 2.03.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.84 earnings per share. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Capri will post 3.8 EPS for the current fiscal year.

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.