Telsey Advisory Reaffirms Their Hold Rating on Capri Holdings (CPRI)

Telsey Advisory analyst Dana Telsey maintained a Hold rating on Capri Holdings (CPRI – Research Report) today and set a price target of $42.00. The company’s shares closed yesterday at $37.96.

According to TipRanks, Telsey is a 2-star analyst with an average return of -0.3% and a 40.21% success rate. Telsey covers the Consumer Cyclical sector, focusing on stocks such as Levi Strauss & Co, Tapestry, and Lululemon Athletica.

The word on The Street in general, suggests a Hold analyst consensus rating for Capri Holdings with a $52.00 average price target.

Based on Capri Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.43 billion and a net profit of $105 million. In comparison, last year the company earned a revenue of $1.51 billion and had a net profit of $225 million

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Capri Holdings (CPRI) Company Description:

Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. It operates through the following segments: Versace, Jimmy Choo and Michael Kors. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats: Collection, Lifestyle, outlet stores and e-commerce. The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom.