Capri Holdings Limited (NYSE:CPRI) Given Consensus Rating of “Hold” by Analysts

Capri Holdings Limited (NYSE:CPRI) has been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.7857.

Several brokerages have recently issued reports on CPRI. UBS Group decreased their target price on Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Wells Fargo & Company decreased their target price on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. Bank of America decreased their target price on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Barclays decreased their target price on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings raised Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th.

Capri Stock Up 2.5%

CPRI stock opened at $19.34 on Friday. Capri has a twelve month low of $16.72 and a twelve month high of $28.26. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The stock’s 50 day moving average is $19.23 and its 200-day moving average is $20.89. The firm has a market capitalization of $2.22 billion, a PE ratio of 16.96, a P/E/G ratio of 0.34 and a beta of 1.40.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $800.04 million. During the same period in the previous year, the business earned ($4.90) earnings per share. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. Sell-side analysts expect that Capri will post 2.07 EPS for the current fiscal year.

Insider Activity

In other news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capri

Several large investors have recently made changes to their positions in CPRI. Los Angeles Capital Management LLC increased its holdings in Capri by 1.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock valued at $1,018,000 after buying an additional 550 shares during the period. Empowered Funds LLC boosted its position in Capri by 3.4% during the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock worth $405,000 after buying an additional 550 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Capri by 14.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after purchasing an additional 555 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Capri by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after purchasing an additional 600 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Capri by 0.7% during the 2nd 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.

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.