Capri (NYSE:CPRI) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Capri (NYSE:CPRI) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $57.00 price objective on shares of Capri in a research report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.50.

Capri Trading Up 0.1 %

Shares of Capri stock opened at $45.30 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 10.55 and a beta of 2.03. The business has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $49.14. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $1.84 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts forecast that Capri will post 3.8 EPS for the current fiscal year.

Institutional Trading of Capri

Several institutional investors have recently modified their holdings of CPRI. Private Wealth Management Group LLC acquired a new stake in shares of Capri during the 4th quarter worth approximately $25,000. Itau Unibanco Holding S.A. acquired a new stake in Capri in the 2nd quarter valued at $63,000. Vima LLC acquired a new stake in Capri in the 4th quarter valued at $70,000. U S Global Investors Inc. acquired a new stake in Capri in the 4th quarter valued at $75,000. Finally, Fifth Third Bancorp boosted its stake in Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after buying an additional 440 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.