Barclays Has Lowered Expectations for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price target lowered by stock analysts at Barclays from $21.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 11.98% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Jefferies Financial Group boosted their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. One 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.18.

Capri Price Performance

Shares of CPRI opened at $21.59 on Thursday. The business has a 50-day simple moving average of $22.68 and a two-hundred day simple moving average of $29.33. The stock has a market cap of $2.54 billion, a PE ratio of -7.05, a PEG ratio of 5.76 and a beta of 2.06. Capri has a 12-month low of $18.70 and a 12-month high of $47.80. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period last year, the firm posted $1.20 earnings per share. Analysts anticipate that Capri will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently made changes to their positions in CPRI. Dynamic Technology Lab Private Ltd bought a new position in Capri in the third quarter valued at $224,000. Riverwater Partners LLC purchased a new position in shares of Capri in the 3rd quarter worth about $1,030,000. Senvest Management LLC bought a new position in shares of Capri during the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA raised its holdings in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new position in shares of Capri during the 3rd quarter valued at about $7,869,000. Institutional investors own 84.34% of the company’s stock.

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.