Brokerages Set Capri Holdings Limited (NYSE:CPRI) Target Price at $28.20

Capri Holdings Limited (NYSE:CPRI) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.20.

A number of brokerages have issued reports on CPRI. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. UBS Group decreased their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. TD Cowen cut their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Telsey Advisory Group decreased their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Finally, StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th.

Hedge Funds Weigh In On Capri

Several large investors have recently modified their holdings of CPRI. Sunbelt Securities Inc. bought a new stake in Capri during the 3rd quarter valued at $42,000. Quarry LP bought a new stake in shares of Capri during the 3rd quarter valued at $53,000. EMC Capital Management lifted its holdings in Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. CWM LLC boosted its stake in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Finally, Signaturefd LLC grew its holdings in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of NYSE:CPRI opened at $22.86 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.69 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 4.98 and a beta of 2.05. The stock’s fifty day simple moving average is $30.27 and its two-hundred day simple moving average is $32.86. Capri has a 1-year low of $18.70 and a 1-year high of $51.23.

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.