Capri (NYSE:CPRI) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Capri (NYSE:CPRI) in a report issued on Thursday,Benzinga reports. They currently have a $22.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Capri from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. raised shares of Capri from a “neutral” rating to an “overweight” rating and upped their target price for the company from $21.00 to $30.00 in a report on Wednesday, August 13th. BTIG Research initiated coverage on shares of Capri in a report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Capri from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Capri currently has a consensus rating of “Hold” and an average target price of $24.43.

Capri Price Performance

Shares of CPRI opened at $20.75 on Thursday. Capri has a 1-year low of $11.86 and a 1-year high of $26.23. The stock has a market cap of $2.47 billion, a PE ratio of -2.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.82. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. The firm has a fifty day moving average price of $21.05 and a 200 day moving average price of $18.87.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. During the same period in the previous year, the company earned $0.04 earnings per share. Capri’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capri will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPRI. Cambridge Investment Research Advisors Inc. raised its holdings in Capri by 14.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company’s stock worth $363,000 after purchasing an additional 2,271 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Capri during the first quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new position in Capri during the first quarter worth about $826,000. Teacher Retirement System of Texas acquired a new position in Capri during the first quarter worth about $340,000. Finally, Principal Financial Group Inc. grew its position in Capri by 0.3% during the first quarter. Principal Financial Group Inc. now owns 271,400 shares of the company’s stock worth $5,355,000 after buying an additional 709 shares during the period. 84.34% of the stock is owned by hedge funds and other 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.