Capri (NYSE:CPRI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Capri (NYSE:CPRI) had its target price raised by investment analysts at Jefferies Financial Group from $19.00 to $21.00 in a report released on Thursday, Marketbeat reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 5.69% from the stock’s current price.

A number of other research analysts have also recently commented on CPRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Capri from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $21.00 to $30.00 in a report on Wednesday, August 13th. Wall Street Zen raised shares of Capri from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Raymond James Financial raised shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a report on Tuesday. Finally, UBS Group increased their target price on shares of Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.43.

Capri Trading Down 1.6%

Shares of Capri stock opened at $22.27 on Thursday. The firm has a 50-day moving average of $20.94 and a 200-day moving average of $18.66. The stock has a market cap of $2.65 billion, a PE ratio of -2.37, a PEG ratio of 0.48 and a beta of 1.82. Capri has a 52-week low of $11.86 and a 52-week high of $26.23. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Capri’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Capri will post 0.98 EPS for the current year.

Institutional Trading of Capri

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after purchasing an additional 1,266 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Capri during the 1st quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new stake in Capri during the 1st quarter valued at approximately $29,000. Quantbot Technologies LP acquired a new stake in Capri during the 2nd quarter valued at approximately $39,000. Finally, Brooklyn Investment Group increased its position in Capri by 267.3% during the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock valued at $46,000 after purchasing an additional 1,711 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.