Analysts Set Capri Holdings Limited (NYSE:CPRI) PT at $27.90

Capri Holdings Limited (NYSE:CPRI) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.90.

Several brokerages recently issued reports on CPRI. Telsey Advisory Group dropped their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. UBS Group dropped their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Barclays restated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Capri by 50.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after buying an additional 2,806 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Capri by 12.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 23,326 shares of the company’s stock worth $772,000 after acquiring an additional 2,519 shares during the last quarter. Signaturefd LLC lifted its position in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the period. Deuterium Capital Management LLC grew its stake in Capri by 51.4% during the 2nd quarter. Deuterium Capital Management LLC now owns 53,000 shares of the company’s stock valued at $1,753,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Avory & Company LLC increased its holdings in shares of Capri by 6.7% in the second quarter. Avory & Company LLC now owns 211,900 shares of the company’s stock valued at $7,010,000 after purchasing an additional 13,398 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Price Performance

Capri stock opened at $20.96 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -6.85, a price-to-earnings-growth ratio of 4.55 and a beta of 2.05. The firm has a 50-day moving average of $22.95 and a two-hundred day moving average of $31.29. Capri has a 1 year low of $18.70 and a 1 year high of $51.23.

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.