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

Shares of Capri Holdings Limited (NYSE:CPRI) have earned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.2143.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and set a $22.00 target price on shares of Capri in a report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. Finally, Bank of America decreased their price objective on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th.

Insider Transactions at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction dated 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 can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after buying an additional 156,757 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Capri by 48.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after acquiring an additional 6,595 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Capri by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after acquiring an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Capri by 22.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after acquiring an additional 139,809 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock valued at $8,337,000 after acquiring an additional 80,928 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Price Performance

NYSE:CPRI opened at $15.90 on Wednesday. Capri has a 52-week low of $15.53 and a 52-week high of $28.26. The company has a market cap of $1.82 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.29 and a beta of 1.39. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21. The stock’s 50-day simple moving average is $18.58 and its 200 day simple moving average is $19.95.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. The firm had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $800.04 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($4.90) earnings per share. As a group, sell-side analysts forecast that Capri will post 2.07 EPS for the current fiscal year.

Capri Company Profile

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.