UBS Group Trims Capri (NYSE:CPRI) Target Price to $39.00

Capri (NYSE:CPRI) had its price objective decreased by research analysts at UBS Group from $42.00 to $39.00 in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential downside of 2.86% from the company’s previous close.

Several other analysts have also issued reports on CPRI. Jefferies Financial Group reduced their price target on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Wells Fargo & Company reduced their target price on Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $56.00 to $41.00 in a report on Monday, June 17th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Capri presently has a consensus rating of “Hold” and an average target price of $40.40.

Capri Stock Up 6.2 %

NYSE CPRI traded up $2.34 during trading hours on Wednesday, reaching $40.15. 2,942,178 shares of the company’s stock were exchanged, compared to its average volume of 1,300,099. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. Capri has a one year low of $29.28 and a one year high of $53.06. The company’s 50-day moving average is $33.87 and its two-hundred day moving average is $37.10. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -20.38, a price-to-earnings-growth ratio of 5.73 and a beta of 1.97.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. On average, analysts forecast that Capri will post 2.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

Several hedge funds have recently bought and sold shares of CPRI. Victory Capital Management Inc. boosted its position in Capri by 206.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,954 shares of the company’s stock valued at $1,203,000 after buying an additional 16,135 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Capri by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,153,144 shares of the company’s stock worth $57,934,000 after purchasing an additional 25,105 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in Capri in the fourth quarter valued at approximately $201,000. Moran Wealth Management LLC grew its holdings in shares of Capri by 121.4% in the fourth quarter. Moran Wealth Management LLC now owns 42,736 shares of the company’s stock worth $2,147,000 after purchasing an additional 23,436 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in shares of Capri in the fourth quarter worth $25,000. 84.34% of the stock is currently owned by institutional investors.

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.