Capri (NYSE:CPRI) PT Lowered to $23.00

Capri (NYSE:CPRI) had its price objective decreased by stock analysts at Wells Fargo & Company from $42.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 44.71% from the company’s previous close.

Several other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group lowered their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group cut their price objective on shares of Capri from $42.00 to $26.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.40.

Capri Trading Down 0.5 %

NYSE CPRI opened at $41.60 on Friday. Capri has a 12 month low of $29.28 and a 12 month high of $51.73. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $38.96 and a 200-day moving average of $36.10. The company has a market cap of $4.85 billion, a PE ratio of -21.12, a PEG ratio of 7.08 and a beta of 1.97.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities research analysts anticipate that Capri will post 2.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC raised its stake in Capri by 171.8% in the first quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after purchasing an additional 708 shares in the last quarter. Bessemer Group Inc. raised its position in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. CWM LLC boosted its holdings in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares in the last quarter. Signaturefd LLC increased its stake in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. Finally, EMC Capital Management raised its stake in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after acquiring an additional 596 shares in 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.