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

Capri (NYSE:CPRI)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $23.00 price objective on the stock. Telsey Advisory Group’s target price suggests a potential downside of 10.40% from the company’s current price.

A number of other equities analysts have also commented on CPRI. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. Robert W. Baird reduced their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Wells Fargo & Company lifted their price objective on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.36.

Capri Price Performance

Shares of NYSE CPRI opened at $25.67 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $29.73. Capri has a 1-year low of $18.70 and a 1-year high of $49.43. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -8.39, a price-to-earnings-growth ratio of 5.20 and a beta of 2.06.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.13 EPS. Analysts anticipate that Capri will post 1.65 earnings per share for the current year.

Institutional Trading of Capri

Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. bought a new position in Capri during the 4th quarter valued at approximately $48,953,000. ARGA Investment Management LP lifted its stake in shares of Capri by 149.4% in the 4th quarter. ARGA Investment Management LP now owns 227,957 shares of the company’s stock valued at $4,801,000 after purchasing an additional 136,556 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Capri by 57.7% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,774 shares of the company’s stock valued at $332,000 after purchasing an additional 5,769 shares in the last quarter. Pacer Advisors Inc. grew its stake in Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after purchasing an additional 3,885,732 shares during the period. Finally, KBC Group NV raised its holdings in Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Company Profile

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.