Telsey Advisory Group Reiterates Market Perform Rating for Capri (NYSE:CPRI)

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $23.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 7.67% from the company’s previous close.

A number of other equities analysts have also weighed in on CPRI. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Barclays lowered their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.92.

Capri Stock Performance

Shares of CPRI opened at $21.36 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a market cap of $2.52 billion, a PE ratio of -2.50, a price-to-earnings-growth ratio of 8.06 and a beta of 2.06. The company’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $28.42. Capri has a 12-month low of $18.70 and a 12-month high of $47.17.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts predict that Capri will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth $42,000. Twin Tree Management LP acquired a new position in shares of Capri during the 4th quarter worth $45,000. Quarry LP acquired a new position in shares of Capri during the 3rd quarter worth $53,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Capri during the 4th quarter worth $74,000. Finally, KBC Group NV raised its stake in shares of Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. 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.