Capri Holdings Limited (NYSE:CPRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.50.

A number of analysts have recently commented on the stock. OTR Global reiterated a “mixed” rating on shares of Capri in a research note on Wednesday. StockNews.com initiated coverage on shares of Capri in a research report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $57.00 price target on shares of Capri in a report on Friday, February 9th.

Hedge Funds Weigh In On Capri

Several large investors have recently added to or reduced their stakes in CPRI. AlphaCrest Capital Management LLC lifted its stake in shares of Capri by 65.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock valued at $375,000 after buying an additional 2,888 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Capri in the first quarter valued at about $4,352,000. Dimensional Fund Advisors LP boosted its stake in shares of Capri by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock worth $112,981,000 after acquiring an additional 102,439 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Capri during the first quarter worth about $271,000. Finally, Pearl River Capital LLC bought a new stake in Capri during the 1st quarter valued at approximately $227,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Down 2.7 %

Shares of Capri stock opened at $37.87 on Thursday. Capri has a 1 year low of $34.17 and a 1 year high of $54.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 7.98 and a beta of 2.03. The company has a 50-day moving average of $45.30 and a 200 day moving average of $48.20.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business posted $1.84 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Capri will post 3.8 earnings per share for the current fiscal year.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.