Capri Holdings Limited (NYSE:CPRI) Receives Average Rating of “Hold” from Brokerages

Shares of Capri Holdings Limited (NYSE:CPRI) have been assigned an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.7857.

Several equities analysts recently weighed in on CPRI shares. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. reduced their price target on shares of Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. BTIG Research restated a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. Finally, Telsey Advisory Group reduced their price target on shares of Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC boosted its position in Capri by 1.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after purchasing an additional 550 shares during the period. Empowered Funds LLC boosted its position in Capri by 3.4% during the fourth quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock worth $405,000 after purchasing an additional 550 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after buying an additional 555 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Capri by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after buying an additional 600 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Capri by 0.7% in the second quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after buying an additional 734 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

NYSE CPRI opened at $19.34 on Friday. Capri has a 1 year low of $16.72 and a 1 year high of $28.26. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.34 and a beta of 1.40. The company has a fifty day moving average price of $19.23 and a 200-day moving average price of $20.89.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The company had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($4.90) earnings per share. As a group, equities research analysts predict that Capri will post 2.07 EPS for the current fiscal year.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.