StockNews.com Begins Coverage on Capri (NYSE:CPRI)

Analysts at StockNews.com initiated coverage on shares of Capri (NYSE:CPRI) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $57.00 price objective on shares of Capri in a report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.50.

Capri Trading Up 0.1 %

Shares of CPRI stock opened at $45.30 on Thursday. The stock’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $49.14. The company has a market cap of $5.28 billion, a PE ratio of 25.45, a P/E/G ratio of 10.55 and a beta of 2.03. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaCrest Capital Management LLC raised its position in shares of Capri by 65.6% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock worth $375,000 after acquiring an additional 2,888 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Capri in the 1st quarter worth about $4,352,000. Dimensional Fund Advisors LP raised its position in shares of Capri by 4.9% in the 1st 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 in the last quarter. Bridgefront Capital LLC bought a new position in shares of Capri in the 1st quarter worth about $271,000. Finally, Pearl River Capital LLC bought a new position in shares of Capri in the 1st quarter worth about $227,000. 84.34% of the stock is owned by institutional investors.

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.