Capri Holdings Limited (NYSE:CPRI) Given Average Rating of “Moderate Buy” by Analysts

Capri Holdings Limited (NYSE:CPRI – Get Rating) has earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $62.64.

Several equities research analysts have issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $70.00 price target on shares of Capri in a report on Wednesday, February 8th. BMO Capital Markets dropped their target price on Capri from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 9th. Morgan Stanley reissued an “overweight” rating and set a $55.00 target price (down previously from $58.00) on shares of Capri in a report on Thursday, February 9th. TheStreet raised Capri from a “c+” rating to a “b-” rating in a report on Friday, February 10th. Finally, Citigroup dropped their target price on Capri from $75.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Regal Investment Advisors LLC grew its position in Capri by 18.2% in the fourth quarter. Regal Investment Advisors LLC now owns 10,072 shares of the company’s stock valued at $577,000 after acquiring an additional 1,550 shares during the last quarter. Voya Investment Management LLC grew its position in Capri by 247.0% in the fourth quarter. Voya Investment Management LLC now owns 101,609 shares of the company’s stock valued at $5,824,000 after acquiring an additional 72,323 shares during the last quarter. Natixis bought a new position in Capri in the fourth quarter valued at about $24,234,000. Teachers Retirement System of The State of Kentucky grew its position in Capri by 355.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 394,185 shares of the company’s stock valued at $22,595,000 after acquiring an additional 307,700 shares during the last quarter. Finally, Graphene Investments SAS bought a new position in Capri in the fourth quarter valued at about $2,912,000. Institutional investors own 90.28% of the company’s stock.

Capri Trading Up 2.4 %

Shares of Capri stock opened at $41.96 on Wednesday. The business has a fifty day simple moving average of $56.27 and a two-hundred day simple moving average of $51.74. Capri has a 1 year low of $36.90 and a 1 year high of $69.25. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.34 and a quick ratio of 0.57.

Capri (NYSE:CPRI – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.37). Capri had a net margin of 12.66% and a return on equity of 36.64%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $2.22 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts forecast that Capri will post 6.09 EPS for the current year.

About Capri

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.