Barclays Cuts Capri (NYSE:CPRI) Price Target to $13.00

Capri (NYSE:CPRI) had its price target decreased by Barclays from $19.00 to $13.00 in a research note released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Jefferies Financial Group boosted their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Finally, BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $24.08.

Capri Price Performance

CPRI opened at $14.66 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $20.00 and its 200 day moving average price is $24.26. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -1.71, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, sell-side analysts expect that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. Norges Bank bought a new stake in Capri during the fourth quarter worth approximately $58,070,000. Vaughan Nelson Investment Management L.P. bought a new stake in Capri during the fourth quarter worth approximately $48,953,000. Finally, Junto Capital Management LP acquired a new position in Capri in the fourth quarter worth approximately $26,112,000. 84.34% of the stock is 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. 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.