Capri (NYSE:CPRI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Capri (NYSE:CPRI – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the stock.

CPRI has been the topic of several other research reports. Citigroup lowered their target price on shares of Capri from $75.00 to $63.00 and set a buy rating on the stock in a report on Thursday, February 9th. Cowen cut Capri from an outperform rating to a market perform rating and dropped their target price for the stock from $70.00 to $55.00 in a research report on Monday, February 13th. UBS Group reduced their price target on Capri from $75.00 to $68.00 and set a buy rating for the company in a report on Thursday, February 9th. BMO Capital Markets dropped their price objective on Capri from $74.00 to $70.00 and set an outperform rating on the stock in a report on Thursday, February 9th. Finally, TheStreet raised Capri from a c+ rating to a b- rating in a report on Friday, February 10th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Capri has a consensus rating of Moderate Buy and a consensus price target of $62.64.

Capri Stock Up 1.4 %

CPRI opened at $42.41 on Thursday. Capri has a 52 week low of $36.90 and a 52 week high of $69.25. The business has a 50 day moving average price of $55.15 and a two-hundred day moving average price of $51.57. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 0.68. The company has a market cap of $5.33 billion, a PE ratio of 8.02, a P/E/G ratio of 1.16 and a beta of 2.28.

Capri (NYSE:CPRI – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.37). Capri had a return on equity of 36.64% and a net margin of 12.66%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $2.22 EPS. Capri’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Capri will post 6.09 EPS for the current year.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its stake in shares of Capri by 2.3% during the 4th quarter. Park Avenue Securities LLC now owns 8,267 shares of the company’s stock worth $474,000 after purchasing an additional 184 shares in the last quarter. Ellevest Inc. increased its position in Capri by 77.0% during the fourth quarter. Ellevest Inc. now owns 492 shares of the company’s stock worth $28,000 after buying an additional 214 shares in the last quarter. Cooper Financial Group increased its position in Capri by 3.9% during the fourth quarter. Cooper Financial Group now owns 6,093 shares of the company’s stock worth $349,000 after buying an additional 228 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capri by 2.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,234 shares of the company’s stock worth $644,000 after acquiring an additional 266 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Capri by 123.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 590 shares of the company’s stock valued at $34,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Capri Company Profile

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.