Capri Holdings Limited (NYSE:CPRI) Receives Average Rating of “Hold” from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $25.9231.

A number of analysts have recently weighed in on CPRI shares. TD Cowen reaffirmed a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Friday, January 30th. UBS Group restated a “neutral” rating and issued a $22.00 price target on shares of Capri in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Capri in a report on Monday, May 4th. Finally, The Goldman Sachs Group lowered their price target on shares of Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th.

Insider Activity at Capri

In related news, CEO John D. Idol bought 55,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the acquisition, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Capri

A number of hedge funds have recently bought and sold shares of CPRI. Vanguard Group Inc. raised its position in Capri by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after purchasing an additional 121,209 shares during the period. State Street Corp raised its position in Capri by 19.3% during the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Capri during the fourth quarter valued at approximately $53,759,000. Dimensional Fund Advisors LP raised its position in Capri by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock valued at $38,154,000 after purchasing an additional 557,955 shares during the period. Finally, Norges Bank purchased a new stake in Capri during the fourth quarter valued at approximately $50,228,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Up 2.0%

Shares of Capri stock opened at $17.53 on Friday. Capri has a 12-month low of $16.22 and a 12-month high of $28.26. The company’s fifty day simple moving average is $18.84 and its two-hundred day simple moving average is $21.75. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. The company has a market cap of $2.09 billion, a P/E ratio of -4.11, a PEG ratio of 0.27 and a beta of 1.43.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.