Capri Holdings Limited (NYSE:CPRI) Receives $50.50 Consensus PT from Analysts

Shares of Capri Holdings Limited (NYSE:CPRI) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $50.50.

A number of equities analysts have recently issued reports on the stock. OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. StockNews.com assumed coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $57.00 price objective on shares of Capri in a research note on Friday, February 9th.

Capri Price Performance

Shares of Capri stock opened at $37.99 on Thursday. 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 fifty-two week low of $34.17 and a fifty-two week high of $54.52. The firm has a fifty day moving average price of $44.94 and a two-hundred day moving average price of $47.98. The company has a market cap of $4.43 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 7.82 and a beta of 2.03.

Capri (NYSE:CPRI) last issued its quarterly 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). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.84 earnings per share. Capri’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Capri will post 3.8 EPS for the current year.

Institutional Investors Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Norges Bank acquired a new stake in Capri in the 4th quarter valued at about $166,766,000. Alpine Associates Management Inc. acquired a new stake in Capri in the 3rd quarter valued at about $128,347,000. Westchester Capital Management LLC acquired a new stake in Capri in the 3rd quarter valued at about $87,352,000. PSquared Asset Management AG bought a new position in shares of Capri in the 3rd quarter valued at about $61,090,000. Finally, Segantii Capital Management Ltd bought a new position in shares of Capri in the 3rd quarter valued at about $52,347,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

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.