Capri Holdings Limited (NYSE:CPRI) Receives $49.81 Average Price Target from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have received a consensus rating of “Buy” from the twenty-five research firms that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $49.81.

CPRI has been the topic of several analyst reports. BTIG Research raised their price objective on Capri from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 24th. Telsey Advisory Group raised their price objective on Capri from $46.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, May 19th. Robert W. Baird lifted their target price on Capri from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, May 27th. Wells Fargo & Company lifted their target price on Capri from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, March 23rd. Finally, Jefferies Financial Group lifted their target price on Capri from $60.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, May 27th.

Shares of CPRI stock traded down $1.29 during mid-day trading on Thursday, hitting $53.26. 1,687,106 shares of the company’s stock were exchanged, compared to its average volume of 2,549,733. Capri has a fifty-two week low of $13.80 and a fifty-two week high of $59.60. The company has a 50-day simple moving average of $54.29. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $8.06 billion, a PE ratio of -123.86, a price-to-earnings-growth ratio of 2.22 and a beta of 2.50.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Tuesday, May 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.36. Capri had a positive return on equity of 13.31% and a negative net margin of 1.53%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, sell-side analysts anticipate that Capri will post 3.8 EPS for the current year.

In other news, SVP Daniel Purefoy sold 3,520 shares of Capri stock in a transaction dated Friday, May 28th. The stock was sold at an average price of $56.97, for a total transaction of $200,534.40. Following the sale, the senior vice president now directly owns 14,448 shares of the company’s stock, valued at $823,102.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Calamos Advisors LLC purchased a new stake in shares of Capri during the first quarter worth about $1,946,000. Roubaix Capital LLC purchased a new stake in shares of Capri during the fourth quarter worth about $2,175,000. Illinois Municipal Retirement Fund bought a new stake in Capri in the first quarter valued at about $291,000. Donoghue Forlines LLC bought a new stake in Capri in the fourth quarter valued at about $1,664,000. Finally, Alliancebernstein L.P. increased its holdings in Capri by 87.9% in the first quarter. Alliancebernstein L.P. now owns 275,639 shares of the company’s stock valued at $14,058,000 after buying an additional 128,982 shares during the last quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

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. The company's Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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Analyst Recommendations for Capri (NYSE:CPRI)

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