Telsey Advisory Group Lowers Capri (NYSE:CPRI) Price Target to $26.00

Capri (NYSE:CPRI) had its target price reduced by analysts at Telsey Advisory Group from $42.00 to $26.00 in a research report issued on Friday, Briefing.com reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential downside of 37.50% from the stock’s current price.

A number of other brokerages have also recently issued reports on CPRI. UBS Group reduced their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Finally, Wells Fargo & Company cut Capri from an “overweight” rating to an “equal weight” rating and set a $42.00 price target on the stock. in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.20.

Capri Price Performance

NYSE CPRI opened at $41.60 on Friday. The business’s fifty day moving average is $38.96 and its 200 day moving average is $36.10. Capri has a fifty-two week low of $29.28 and a fifty-two week high of $51.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The company has a market capitalization of $4.85 billion, a PE ratio of -21.12, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Sell-side analysts predict that Capri will post 2.12 earnings per share for the current year.

Institutional Trading of Capri

Hedge funds have recently modified their holdings of the company. Quent Capital LLC increased its position in Capri by 171.8% in the first quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock worth $51,000 after purchasing an additional 708 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the last quarter. CWM LLC increased its holdings in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Finally, EMC Capital Management lifted its holdings in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares during the last quarter. 84.34% of the stock is 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.