Capri Holdings Limited (NYSE:CPRI – Get Rating) has earned a consensus rating of "Moderate Buy" from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $71.20.
A number of analysts have recently commented on CPRI shares. TheStreet downgraded Capri from a "b" rating to a "c+" rating in a report on Wednesday, June 1st. UBS Group decreased their price objective on shares of Capri from $91.00 to $65.00 and set a "buy" rating for the company in a report on Friday, July 15th. Wells Fargo & Company reduced their target price on shares of Capri from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, July 7th. Telsey Advisory Group restated a "market perform" rating on shares of Capri in a report on Thursday, May 26th. Finally, Morgan Stanley decreased their price objective on shares of Capri from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, June 3rd.
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In other Capri news, Director Judy Gibbons sold 4,920 shares of the firm's stock in a transaction on Monday, August 29th. The shares were sold at an average price of $48.88, for a total value of $240,489.60. Following the sale, the director now directly owns 24,620 shares in the company, valued at approximately $1,203,425.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company's stock.
Institutional Trading of Capri
Several institutional investors have recently made changes to their positions in the business. Securian Asset Management Inc. boosted its position in shares of Capri by 1.6% during the 2nd quarter. Securian Asset Management Inc. now owns 13,457 shares of the company's stock valued at $552,000 after acquiring an additional 212 shares in the last quarter. CWM LLC boosted its position in shares of Capri by 16.3% during the 2nd quarter. CWM LLC now owns 2,730 shares of the company's stock valued at $112,000 after acquiring an additional 382 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Capri by 2.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 21,202 shares of the company's stock valued at $869,000 after purchasing an additional 435 shares during the last quarter. EMC Capital Management lifted its holdings in Capri by 49.5% during the 2nd quarter. EMC Capital Management now owns 1,570 shares of the company's stock valued at $64,000 after purchasing an additional 520 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Capri by 624.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 616 shares of the company's stock valued at $25,000 after purchasing an additional 531 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.Capri Price Performance
Shares of Capri stock opened at $43.86 on Wednesday. Capri has a 12 month low of $36.90 and a 12 month high of $72.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.29 and a quick ratio of 0.51. The stock has a market capitalization of $6.26 billion, a P/E ratio of 8.20, a PEG ratio of 0.64 and a beta of 2.25. The business has a 50 day simple moving average of $48.44 and a two-hundred day simple moving average of $47.81.
Capri (NYSE:CPRI – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.30 billion. Capri had a return on equity of 36.51% and a net margin of 13.96%. Capri's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. As a group, analysts predict that Capri will post 6.84 EPS for the current fiscal year.
Capri announced that its board has initiated a stock repurchase program on Wednesday, June 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
About Capri
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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.
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