Capri (NYSE:CPRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Capri (NYSE:CPRI) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the stock.

CPRI has been the subject of a number of other reports. Guggenheim lowered Capri from a buy rating to a neutral rating in a research report on Friday, August 11th. UBS Group lowered Capri from a buy rating to a neutral rating and raised their price objective for the stock from $55.00 to $57.00 in a research report on Friday, August 11th. Barclays decreased their price objective on Capri from $46.00 to $38.00 in a research report on Thursday, June 1st. TheStreet lowered Capri from a b rating to a c rating in a research report on Wednesday, May 31st. Finally, Telsey Advisory Group raised their price objective on Capri from $41.00 to $57.00 and gave the stock a market perform rating in a research report on Friday, August 11th. Fifteen research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $51.14.

Capri Trading Up 0.0 %

Shares of CPRI stock opened at $52.20 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.33 and a debt-to-equity ratio of 1.06. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $69.25. The stock has a market capitalization of $6.06 billion, a P/E ratio of 15.00, a P/E/G ratio of 8.06 and a beta of 2.19. The stock has a 50-day simple moving average of $45.20 and a 200 day simple moving average of $42.15.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Capri had a return on equity of 34.58% and a net margin of 8.44%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $1.50 EPS. Capri’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, sell-side analysts expect that Capri will post 5.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Capri by 2.8% during the first quarter. State Street Corp now owns 4,421,881 shares of the company’s stock worth $227,240,000 after buying an additional 119,122 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Capri by 6.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,827,937 shares of the company’s stock valued at $115,973,000 after purchasing an additional 177,979 shares during the period. LSV Asset Management increased its position in shares of Capri by 903.2% during the second quarter. LSV Asset Management now owns 2,732,740 shares of the company’s stock valued at $98,078,000 after purchasing an additional 2,460,340 shares during the period. Coronation Fund Managers Ltd. increased its position in shares of Capri by 8.6% during the second quarter. Coronation Fund Managers Ltd. now owns 2,731,451 shares of the company’s stock valued at $98,032,000 after purchasing an additional 216,464 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Capri by 27.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,707,359 shares of the company’s stock valued at $127,246,000 after purchasing an additional 581,882 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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.