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

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a report released on Friday, Benzinga reports. They presently have a $26.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 29.35% from the stock’s previous close.

CPRI has been the subject of several other research reports. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Wells Fargo & Company reduced their price target on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. UBS Group decreased their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. JPMorgan Chase & Co. cut their target price on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.50.

Capri Stock Performance

NYSE CPRI opened at $20.10 on Friday. Capri has a 12-month low of $18.75 and a 12-month high of $51.23. The firm has a 50-day moving average price of $37.32 and a two-hundred day moving average price of $35.19. The company has a market capitalization of $2.37 billion, a P/E ratio of -8.07, a P/E/G ratio of 3.37 and a beta of 2.05. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Analysts anticipate that Capri will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Capri

Hedge funds have recently modified their holdings of the company. Olympiad Research LP raised its position in Capri by 47.5% in the third quarter. Olympiad Research LP now owns 41,864 shares of the company’s stock valued at $1,777,000 after purchasing an additional 13,482 shares during the last quarter. US Bancorp DE raised its holdings in Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company’s stock valued at $216,000 after buying an additional 3,167 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Capri by 12.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock worth $308,000 after buying an additional 775 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in Capri during the 3rd quarter worth approximately $425,000. Finally, Frank Rimerman Advisors LLC increased its position in Capri by 13.7% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,512 shares of the company’s stock valued at $573,000 after acquiring an additional 1,631 shares during the period. Institutional investors and hedge funds 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.