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

Shares of Capri Holdings Ltd (NYSE:CPRI) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $52.00.

Several brokerages have issued reports on CPRI. MKM Partners dropped their target price on shares of Capri to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Needham & Company LLC set a $54.00 target price on shares of Capri and gave the stock a “buy” rating in a report on Wednesday, June 5th. Credit Suisse Group dropped their target price on shares of Capri from $52.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. They noted that the move was a valuation call. Wells Fargo & Co dropped their target price 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. Finally, Canaccord Genuity reiterated a “buy” rating and set a $67.00 target price (down from $76.00) on shares of Capri in a report on Thursday, May 30th. They noted that the move was a valuation call.

Shares of NYSE CPRI traded down $0.78 during mid-day trading on Monday, reaching $33.19. The company had a trading volume of 2,846,509 shares, compared to its average volume of 2,096,818. The stock’s 50-day moving average price is $35.12. 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 firm has a market cap of $5.01 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. Capri has a 52 week low of $32.08 and a 52 week high of $75.96.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts predict that Capri will post 4.95 earnings per share for the current year.

In other news, CEO John D. Idol purchased 615,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average cost of $32.57 per share, with a total value of $20,030,550.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas Jr. Edwards purchased 11,600 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were 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. 5.30% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in CPRI. Geode Capital Management LLC bought a new position in Capri in the fourth quarter valued at approximately $89,438,000. State of Alaska Department of Revenue bought a new position in Capri in the first quarter valued at approximately $1,498,000. CHICAGO TRUST Co NA bought a new position in Capri in the first quarter valued at approximately $229,000. Gateway Investment Advisers LLC bought a new position in Capri in the first quarter valued at approximately $283,000. Finally, NuWave Investment Management LLC bought a new position in Capri in the first quarter valued at approximately $76,000. 86.36% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Capri (NYSE:CPRI)

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