Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $25.85

Shares of Capri Holdings Limited (NYSE:CPRI) have received an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $25.9231.

A number of brokerages have commented on CPRI. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Capri in a report on Friday, January 30th. Wells Fargo & Company decreased their price objective on Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Capri in a report on Wednesday, February 4th. Barclays decreased their price objective on Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a report on Wednesday, January 21st.

Capri Stock Down 0.2%

CPRI stock opened at $19.72 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $2.35 billion, a PE ratio of -4.63, a PEG ratio of 0.31 and a beta of 1.46. Capri has a 1-year low of $13.00 and a 1-year high of $28.26. The business’s 50 day simple moving average is $19.20 and its 200 day simple moving average is $21.96.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. As a group, research analysts anticipate that Capri will post 0.98 EPS for the current year.

Insider Buying and Selling

In other news, CEO John D. Idol acquired 55,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $17.98 per share, with a total value of $988,900.00. Following the acquisition, the chief executive officer directly owned 2,257,645 shares in the company, valued at $40,592,457.10. This represents a 2.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in Capri by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock valued at $695,000 after buying an additional 483 shares in the last quarter. Empowered Funds LLC grew its holdings in Capri by 3.4% in the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock valued at $405,000 after buying an additional 550 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Capri by 1.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after purchasing an additional 550 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Capri by 14.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after purchasing an additional 555 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Capri by 1.2% during the 3rd quarter. Amalgamated Bank now owns 52,398 shares of the company’s stock worth $1,044,000 after purchasing an additional 616 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.