Capri Holdings Ltd (NYSE:CPRI) Receives Average Rating of “Hold” from Brokerages

Capri Holdings Ltd (NYSE:CPRI) has earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.23.

A number of equities analysts recently commented on the company. Guggenheim reiterated a “hold” rating on shares of Capri in a report on Wednesday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (down previously from $54.00) on shares of Capri in a report on Thursday, August 8th. Credit Suisse Group reduced their price target on Capri from $52.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. They noted that the move was a valuation call. Jefferies Financial Group lifted their price target on Capri from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, MKM Partners reduced their price target on Capri to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th.

Capri stock traded down $0.38 during midday trading on Tuesday, reaching $32.19. 3,119,401 shares of the company’s stock were exchanged, compared to its average volume of 3,168,111. Capri has a 52 week low of $25.25 and a 52 week high of $73.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 1.03. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 1.16 and a beta of 0.82. The stock’s 50-day simple moving average is $29.43 and its 200 day simple moving average is $37.75.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Capri had a return on equity of 30.29% and a net margin of 7.45%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company posted $1.32 earnings per share. Capri’s quarterly revenue was up 11.9% on a year-over-year basis. Research analysts forecast that Capri will post 4.9 earnings per share for the current year.

In related news, CEO John D. Idol acquired 363,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $27.48 per share, for a total transaction of $9,975,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. M&T Bank Corp lifted its position in Capri by 6.2% during the second quarter. M&T Bank Corp now owns 6,454 shares of the company’s stock worth $225,000 after acquiring an additional 379 shares during the last quarter. World Asset Management Inc lifted its position in Capri by 3.3% during the second quarter. World Asset Management Inc now owns 12,567 shares of the company’s stock worth $436,000 after acquiring an additional 406 shares during the last quarter. Impax Asset Management Group plc lifted its position in Capri by 0.8% during the second quarter. Impax Asset Management Group plc now owns 80,836 shares of the company’s stock worth $2,803,000 after acquiring an additional 618 shares during the last quarter. Barings LLC lifted its position in Capri by 12.5% during the second quarter. Barings LLC now owns 6,300 shares of the company’s stock worth $218,000 after acquiring an additional 700 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Capri by 7.7% during the second quarter. CIBC Asset Management Inc now owns 10,071 shares of the company’s stock worth $349,000 after acquiring an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Capri Company Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Analyst Recommendations for Capri (NYSE:CPRI)

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