Capri’s (CPRI) “Mixed” Rating Reiterated at OTR Global

OTR Global reissued their mixed rating on shares of Capri (NYSE:CPRI) in a research report released on Wednesday, Benzinga reports.

CPRI has been the topic of several other research reports. StockNews.com assumed coverage on shares of Capri in a research note on Saturday, April 13th. They issued a hold rating on the stock. Telsey Advisory Group reiterated a market perform rating and issued a $57.00 price target on shares of Capri in a research report on Friday, February 9th. Thirteen research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Capri presently has a consensus rating of Hold and an average target price of $50.50.

Capri Price Performance

Shares of CPRI opened at $38.52 on Wednesday. The business has a 50-day simple moving average of $44.94 and a two-hundred day simple moving average of $48.03. Capri has a 12-month low of $34.17 and a 12-month high of $54.52. The stock has a market cap of $4.49 billion, a PE ratio of 21.64, a PEG ratio of 7.68 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 (NYSE:CPRI) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company earned $1.84 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Analysts anticipate that Capri will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Capri during the 4th quarter valued at $166,766,000. Alpine Associates Management Inc. acquired a new position in shares of Capri during the third quarter valued at about $128,347,000. Westchester Capital Management LLC bought a new position in shares of Capri during the 3rd quarter worth about $87,352,000. PSquared Asset Management AG acquired a new stake in shares of Capri in the 3rd quarter valued at about $61,090,000. Finally, Segantii Capital Management Ltd bought a new stake in Capri in the 3rd quarter valued at about $52,347,000. 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.