Capri (NYSE:CPRI) Price Target Raised to $80.00

Capri (NYSE:CPRI) had its target price boosted by Jefferies Financial Group from $75.00 to $80.00 in a report issued on Wednesday, The Fly reports. They currently have a buy rating on the stock. Jefferies Financial Group also issued estimates for Capri’s FY2021 earnings at $5.60 EPS. The analysts noted that the move was a valuation call.

CPRI has been the topic of several other reports. Argus initiated coverage on Capri in a research report on Wednesday, June 12th. They set a hold rating on the stock. Needham & Company LLC reissued a buy rating and set a $50.00 price target (down from $54.00) on shares of Capri in a research report on Thursday, August 8th. Canaccord Genuity reissued a buy rating and set a $67.00 price target (down from $76.00) on shares of Capri in a research report on Thursday, May 30th. They noted that the move was a valuation call. Zacks Investment Research lowered Capri from a hold rating to a sell rating and set a $33.00 price target on the stock. in a research report on Thursday, September 12th. Finally, Guggenheim reissued a hold rating on shares of Capri in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $52.23.

Capri stock opened at $32.19 on Wednesday. The stock’s 50 day moving average price is $29.43 and its 200 day moving average price is $37.75. The firm has a market capitalization of $4.94 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 1.13 and a beta of 0.82. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 1.03. Capri has a one year low of $25.25 and a one year high of $73.63.



Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Capri had a return on equity of 30.29% and a net margin of 7.45%. Capri’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. On average, analysts forecast that Capri will post 4.9 earnings per share for the current fiscal year.

In other Capri news, CEO John D. Idol bought 363,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $27.48 per share, with a total value of $9,975,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. ARGA Investment Management LP raised its position in shares of Capri by 623.6% in the 2nd quarter. ARGA Investment Management LP now owns 107,992 shares of the company’s stock valued at $3,745,000 after purchasing an additional 93,067 shares in the last quarter. FMR LLC bought a new stake in shares of Capri in the 1st quarter valued at approximately $312,693,000. New York State Common Retirement Fund bought a new stake in shares of Capri in the 1st quarter valued at approximately $12,820,000. TD Asset Management Inc. bought a new stake in shares of Capri in the 2nd quarter valued at approximately $1,568,000. Finally, AGF Investments LLC increased its holdings in shares of Capri by 104.8% in the 2nd quarter. AGF Investments LLC now owns 9,193 shares of the company’s stock valued at $319,000 after acquiring an additional 4,704 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors.

About Capri

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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Analyst Recommendations for Capri (NYSE:CPRI)

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