Capri (NYSE:CPRI) Price Target Cut to $23.00 by Analysts at Telsey Advisory Group

Capri (NYSE:CPRI) had its target price trimmed by Telsey Advisory Group from $26.00 to $23.00 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has a market perform rating on the stock.

CPRI has been the topic of a number of other research reports. Robert W. Baird lowered their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company dropped their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their target price on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $28.88.

Capri Trading Up 2.3 %

CPRI traded up $0.48 during midday trading on Friday, reaching $21.00. 5,898,896 shares of the company’s stock traded hands, compared to its average volume of 2,076,146. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -6.86, a P/E/G ratio of 3.84 and a beta of 2.05. The firm has a fifty day moving average of $34.30 and a two-hundred day moving average of $34.08. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Primecap Management Co. CA lifted its stake in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares during the period. FMR LLC boosted its position in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after acquiring an additional 2,274,149 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after acquiring an additional 41,009 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Capri by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after buying an additional 68,081 shares during the period. Finally, Baupost Group LLC MA acquired a new position in shares of Capri in the 2nd quarter valued at about $33,080,000. 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.