Capri Holdings Ltd (NYSE:CPRI) – Stock analysts at Oppenheimer dropped their FY2020 earnings per share (EPS) estimates for shares of Capri in a research report issued to clients and investors on Wednesday, November 6th. Oppenheimer analyst B. Nagel now expects that the company will post earnings of $4.80 per share for the year, down from their previous forecast of $4.87.
A number of other research analysts have also recently issued reports on CPRI. MKM Partners decreased their target price on Capri to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating in a research note on Wednesday. Evercore ISI set a $50.00 target price on Capri and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine cut Capri from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research cut Capri from a “hold” rating to a “sell” rating and set a $33.00 target price for the company. in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Capri presently has an average rating of “Hold” and an average target price of $52.23.
NYSE:CPRI traded up $0.99 on Friday, reaching $36.62. The company’s stock had a trading volume of 3,813,682 shares, compared to its average volume of 2,820,966. Capri has a 1-year low of $25.25 and a 1-year high of $50.10. 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 $5.17 billion, a PE ratio of 7.37, a PEG ratio of 1.22 and a beta of 0.80. The business’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $34.06.
Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.09). Capri had a return on equity of 30.29% and a net margin of 7.45%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. The firm’s revenue was up 15.1% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Quadrant Capital Group LLC raised its holdings in Capri by 98.4% during the third quarter. Quadrant Capital Group LLC now owns 760 shares of the company’s stock worth $25,000 after acquiring an additional 377 shares in the last quarter. Destination Wealth Management bought a new stake in Capri during the second quarter worth about $31,000. Coastal Investment Advisors Inc. bought a new stake in Capri during the second quarter worth about $31,000. Pearl River Capital LLC bought a new stake in Capri during the second quarter worth about $32,000. Finally, Rational Advisors LLC raised its holdings in Capri by 183.7% during the third quarter. Rational Advisors LLC now owns 2,000 shares of the company’s stock worth $66,000 after acquiring an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.
In other news, CEO John D. Idol purchased 363,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $27.48 per share, for a total transaction of $9,975,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.30% of the company’s stock.
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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