Capri Holdings Limited (NYSE:CPRI) Given Average Recommendation of “Hold” by Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.7857.

CPRI has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Telsey Advisory Group decreased their target price on Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Capri in a research note on Thursday, May 28th. Barclays lowered their price target on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company cut their price target on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of 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 lifted its holdings in Capri by 1.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after acquiring an additional 550 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Capri by 14.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after acquiring an additional 555 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Capri by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after acquiring an additional 600 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Capri by 0.7% in the second quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock valued at $1,926,000 after acquiring an additional 734 shares during the period. 84.34% of the stock is owned by institutional investors.

Capri Price Performance

CPRI opened at $18.94 on Friday. The company has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $20.63. The firm has a market capitalization of $2.17 billion, a PE ratio of 16.62, a P/E/G ratio of 0.35 and a beta of 1.39. Capri has a 52 week low of $16.72 and a 52 week high of $28.26. 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 (NYSE:CPRI) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share 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 for the quarter, compared to the consensus estimate of $800.04 million. During the same quarter in the prior year, the business posted ($4.90) EPS. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. As a group, analysts anticipate that Capri will post 2.07 earnings per share for the current 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.