Capri (NYSE:CPRI) Price Target Cut to $42.00

Capri (NYSE:CPRI) had its price objective cut by investment analysts at Telsey Advisory Group from $57.00 to $42.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 18.61% from the company’s previous close.

CPRI has been the topic of several other reports. OTR Global reissued a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. StockNews.com assumed coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Capri presently has a consensus rating of “Hold” and an average target price of $49.25.

Capri Stock Down 3.0 %

Capri stock opened at $35.41 on Tuesday. The business has a fifty day moving average of $44.54 and a two-hundred day moving average of $47.78. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4.13 billion, a P/E ratio of 19.89, a P/E/G ratio of 7.71 and a beta of 2.03. Capri has a twelve month low of $34.17 and a twelve month high of $54.52.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts forecast that Capri will post 3.8 earnings per share for the current fiscal year.

Institutional Trading of Capri

Institutional investors have recently bought and sold shares of the company. Private Wealth Management Group LLC purchased a new stake in shares of Capri in the fourth quarter valued at $25,000. Vima LLC purchased a new stake in shares of Capri in the fourth quarter valued at $70,000. U S Global Investors Inc. purchased a new stake in shares of Capri in the fourth quarter valued at $75,000. Fifth Third Bancorp lifted its position in shares of Capri by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after acquiring an additional 440 shares in the last quarter. Finally, EMC Capital Management purchased a new stake in shares of Capri in the third quarter valued at $96,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Company Profile

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.