Telsey Advisory Group Trims Capri (NYSE:CPRI) Target Price to $42.00

Capri (NYSE:CPRI) had its target price lowered by Telsey Advisory Group from $57.00 to $42.00 in a research report report published on Tuesday, Marketbeat Ratings reports. The firm currently has a market perform rating on the stock.

Other analysts have also issued reports about the stock. StockNews.com started coverage on shares of Capri in a research note on Saturday, April 13th. They set a hold rating for the company. OTR Global reiterated a mixed rating on shares of Capri in a report on Wednesday, April 17th. Twelve research 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 price target of $49.25.

Capri Stock Performance

Shares of CPRI opened at $35.54 on Tuesday. The firm has a 50-day moving average price of $44.04 and a 200 day moving average price of $47.61. The firm has a market capitalization of $4.14 billion, a PE ratio of 19.96, a P/E/G ratio of 7.19 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri has a 52-week low of $34.17 and a 52-week high of $54.52.

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

Institutional Investors Weigh In On Capri

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted 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 during the period. Private Wealth Management Group LLC bought a new position in Capri in the fourth quarter worth $25,000. M&T Bank Corp lifted its position in Capri by 9.0% in the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock worth $457,000 after purchasing an additional 716 shares during the period. State of Michigan Retirement System lifted its position in Capri by 2.9% in the first quarter. State of Michigan Retirement System now owns 28,665 shares of the company’s stock worth $1,299,000 after purchasing an additional 800 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Capri by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock worth $1,518,000 after purchasing an additional 900 shares during the period. 84.34% of the stock is owned by 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.