Brokerages Set Capri Holdings Limited (NYSE:CPRI) Price Target at $24.21

Shares of Capri Holdings Limited (NYSE:CPRI) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.2143.

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. UBS Group lowered their target price on shares of Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. JPMorgan Chase & Co. dropped their target price on shares of Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, May 28th. Bank of America reduced their price target on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Finally, BTIG Research reissued a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Thursday, May 28th.

Insider Transactions at Capri

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC boosted its position in shares of Capri by 299.7% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after buying an additional 1,142 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Capri in the 2nd quarter valued at about $39,000. Caitong International Asset Management Co. Ltd increased its holdings in Capri by 273.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after acquiring an additional 1,638 shares in the last quarter. MidFirst Bank purchased a new position in Capri during the 4th quarter valued at about $77,000. Finally, Hantz Financial Services Inc. raised its position in Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after acquiring an additional 1,565 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 0.7%

NYSE:CPRI opened at $15.43 on Wednesday. The stock has a fifty day moving average price of $18.48 and a two-hundred day moving average price of $19.80. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.29 and a beta of 1.39. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21. Capri has a 1 year low of $15.19 and a 1 year high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The company had revenue of $796.00 million during the quarter, compared to the consensus estimate of $800.04 million. During the same quarter last year, the company earned ($4.90) earnings per share. Capri’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Capri will post 2.06 earnings per share for the current fiscal year.

About Capri

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.