Capri (NYSE:CPRI) Given New $20.00 Price Target at The Goldman Sachs Group

Capri (NYSE:CPRI) had its price objective increased by stock analysts at The Goldman Sachs Group from $18.00 to $20.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group‘s price objective suggests a potential downside of 2.10% from the stock’s previous close.

CPRI has been the topic of several other reports. BTIG Research lowered their target price on Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. UBS Group reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Capri in a report on Monday. Robert W. Baird cut their price objective on shares of Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Capri in a research report on Tuesday, August 25th. Finally, Telsey Advisory Group dropped their price target on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.20.

Capri Price Performance

NYSE CPRI traded up $1.75 during midday trading on Monday, hitting $20.43. The company had a trading volume of 3,596,256 shares, compared to its average volume of 3,574,789. The firm has a 50-day moving average price of $14.62 and a 200-day moving average price of $17.91. The company has a market capitalization of $2.32 billion, a PE ratio of 11.55, a P/E/G ratio of 0.38 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 6.31. Capri has a twelve month low of $12.40 and a twelve month high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Friday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $786.55 million. Capri had a return on equity of 242.96% and a net margin of 6.12%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) earnings per share. As a group, analysts anticipate that Capri will post 2.20 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC increased its stake in Capri by 92.6% during the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock worth $48,186,000 after acquiring an additional 1,314,611 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Capri by 34.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after purchasing an additional 557,955 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in Capri in the first quarter worth about $23,784,000. Allspring Global Investments Holdings LLC raised its stake in Capri by 15.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 640,980 shares of the company’s stock worth $11,518,000 after buying an additional 86,361 shares in the last quarter. Finally, SummitTX Capital L.P. raised its position in shares of Capri by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 569,054 shares of the company’s stock worth $10,027,000 after acquiring an additional 392,517 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.