Capri (NYSE:CPRI) Price Target Raised to $23.00

Capri (NYSE:CPRI) had its price objective hoisted by Jefferies Financial Group from $20.00 to $23.00 in a research report released on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on CPRI. Robert W. Baird dropped their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group dropped their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. Barclays reiterated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their target price on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.36.

Capri Price Performance

Shares of Capri stock opened at $25.88 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of -8.46, a P/E/G ratio of 5.20 and a beta of 2.06. The business has a 50 day moving average of $22.56 and a 200 day moving average of $29.68. Capri has a 52 week low of $18.70 and a 52 week high of $49.20. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, November 7th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, equities research analysts forecast that Capri will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Capri in the third quarter worth $224,000. Riverwater Partners LLC bought a new stake in shares of Capri during the 3rd quarter valued at about $1,030,000. Senvest Management LLC purchased a new stake in shares of Capri during the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA boosted its holdings in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after buying an additional 515,963 shares during the last quarter. Finally, Anthracite Investment Company Inc. bought a new stake in Capri during the third quarter valued at approximately $7,869,000. 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.