Capri (CPRI) Scheduled to Post Quarterly Earnings on Wednesday

Capri (NYSE:CPRI – Get Rating) is set to post its quarterly earnings results before the market opens on Wednesday, May 31st. Analysts expect Capri to post earnings of $0.94 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Capri Trading Down 0.9 %

Capri stock opened at $39.13 on Wednesday. The firm’s 50 day moving average price is $42.27 and its two-hundred day moving average price is $50.99. Capri has a 1 year low of $36.40 and a 1 year high of $69.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.57 and a current ratio of 1.34. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.05 and a beta of 2.27.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPRI shares. Cowen lowered shares of Capri from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $70.00 to $55.00 in a research note on Monday, February 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $70.00 price objective on shares of Capri in a research note on Wednesday, February 8th. StockNews.com started coverage on shares of Capri in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Barclays lowered shares of Capri from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research note on Tuesday, May 2nd. Finally, Cowen lowered shares of Capri from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $70.00 to $55.00 in a research note on Monday, February 13th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Toroso Investments LLC bought a new position in Capri in the 1st quarter worth $419,000. Ameriprise Financial Inc. raised its holdings in Capri by 16.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,717,398 shares of the company’s stock worth $80,729,000 after acquiring an additional 248,608 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Capri in the 1st quarter worth $282,000. MidWestOne Financial Group Inc. raised its holdings in Capri by 34.8% in the 1st quarter. MidWestOne Financial Group Inc. now owns 13,794 shares of the company’s stock worth $648,000 after acquiring an additional 3,562 shares during the period. Finally, Hudson Bay Capital Management LP bought a new position in Capri in the 1st quarter worth $4,527,000. Institutional investors own 90.28% of the company’s stock.

Capri Company Profile

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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.