Analysts at Argus began coverage on shares of Capri (NYSE:CPRI) in a research report issued on Wednesday, The Fly reports. The firm set a “hold” rating on the stock.
Other research analysts have also issued research reports about the stock. Guggenheim restated a “hold” rating on shares of Capri in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Capri from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, May 8th. Wells Fargo & Co cut their price target on shares of Capri from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, May 30th. Needham & Company LLC set a $54.00 price target on shares of Capri and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Nomura cut their price target on shares of Capri from $76.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Capri currently has an average rating of “Hold” and a consensus target price of $52.00.
NYSE CPRI opened at $33.93 on Wednesday. Capri has a one year low of $32.08 and a one year high of $75.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.50 and a current ratio of 1.12. The company has a market capitalization of $5.16 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 1.06 and a beta of 0.71.
Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Capri had a net margin of 10.36% and a return on equity of 33.75%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $0.63 earnings per share. Capri’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts predict that Capri will post 4.95 EPS for the current year.
In other news, CEO John D. Idol acquired 615,000 shares of the stock in a transaction on Monday, June 3rd. The stock was bought at an average price of $32.57 per share, with a total value of $20,030,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas Jr. Edwards acquired 11,600 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $34.41 per share, with a total value of $399,156.00. The disclosure for this purchase can be found here. 6.00% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in Capri in the first quarter valued at approximately $25,000. Signaturefd LLC acquired a new stake in Capri in the first quarter valued at approximately $40,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Capri in the first quarter valued at approximately $45,000. CSat Investment Advisory L.P. acquired a new stake in Capri in the first quarter valued at approximately $46,000. Finally, CenterStar Asset Management LLC acquired a new stake in Capri in the first quarter valued at approximately $49,000. 86.64% of the stock is owned by institutional investors.
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.
Read More: Outperform Rating
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