Robert W. Baird Lowers Capri (NYSE:CPRI) Price Target to $18.00

Capri (NYSE:CPRI) had its price objective lowered by equities researchers at Robert W. Baird from $26.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 23.08% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Telsey Advisory Group lowered their price objective on shares of Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price objective on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Guggenheim reiterated a “buy” rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.50.

Capri Trading Down 10.6 %

NYSE:CPRI opened at $14.63 on Friday. The company has a 50 day simple moving average of $20.19 and a two-hundred day simple moving average of $24.43. The company has a market cap of $1.72 billion, a PE ratio of -1.71, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 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 business posted $1.20 earnings per share. Research analysts forecast that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPRI. Sunbelt Securities Inc. purchased a new position in Capri during the 3rd quarter valued at approximately $42,000. Twin Tree Management LP purchased a new stake in Capri in the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Capri during the fourth quarter worth approximately $74,000. KBC Group NV raised its position in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after acquiring an additional 2,546 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Capri

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.