Capri (NYSE:CPRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Capri (NYSE:CPRI) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

Separately, 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. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat.com, Capri presently has an average rating of Hold and a consensus target price of $50.50.

Capri Stock Up 0.1 %

CPRI stock opened at $39.33 on Friday. The firm’s fifty day simple moving average is $45.62 and its 200-day simple moving average is $48.37. The company has a market capitalization of $4.58 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 7.98 and a beta of 2.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. Capri has a 12 month low of $34.17 and a 12 month high of $54.52.

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

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new position in Capri during the first quarter valued at $2,297,000. Peak Financial Advisors LLC lifted its holdings in Capri by 15.3% during the first quarter. Peak Financial Advisors LLC now owns 53,012 shares of the company’s stock valued at $2,401,000 after purchasing an additional 7,043 shares in the last quarter. Kapitalo Investimentos Ltda lifted its holdings in Capri by 8.9% during the fourth quarter. Kapitalo Investimentos Ltda now owns 236,003 shares of the company’s stock valued at $11,857,000 after purchasing an additional 19,203 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Capri in the fourth quarter valued at about $1,533,000. Finally, Vima LLC acquired a new stake in shares of Capri in the fourth quarter valued at about $70,000. 84.34% of the stock is owned by hedge funds and other 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.