Brokerages Set Capri Holdings Limited (NYSE:CPRI) PT at $49.81

Capri Holdings Limited (NYSE:CPRI) has earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.81.

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Capri from $60.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, May 27th. Piper Sandler lifted their price target on Capri from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, March 15th. OTR Global raised Capri to a “positive” rating in a research note on Thursday, April 15th. Wells Fargo & Company lifted their price target on Capri from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 23rd. Finally, BMO Capital Markets lifted their price target on Capri from $48.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd.

Shares of Capri stock traded down $1.29 on Thursday, reaching $53.26. The company’s stock had a trading volume of 1,687,106 shares, compared to its average volume of 2,549,733. The firm has a market capitalization of $8.06 billion, a P/E ratio of -123.86, a P/E/G ratio of 2.22 and a beta of 2.50. Capri has a 52-week low of $13.80 and a 52-week high of $59.60. The business has a 50-day simple moving average of $54.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.50.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Tuesday, May 25th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.36. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Capri had a positive return on equity of 13.31% and a negative net margin of 1.53%. During the same period in the previous year, the business earned $0.11 earnings per share. Research analysts expect that Capri will post 3.8 earnings per share for the current year.

In other news, SVP Daniel Purefoy sold 3,520 shares of the company’s stock in a transaction on Friday, May 28th. The stock was sold at an average price of $56.97, for a total value of $200,534.40. Following the transaction, the senior vice president now owns 14,448 shares of the company’s stock, valued at approximately $823,102.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Masterton Capital Management LP acquired a new position in shares of Capri in the 1st quarter valued at $7,686,000. Union Square Park Capital Management LLC raised its holdings in shares of Capri by 222.2% in the 1st quarter. Union Square Park Capital Management LLC now owns 145,000 shares of the company’s stock valued at $7,395,000 after buying an additional 100,000 shares during the period. Paloma Partners Management Co raised its holdings in shares of Capri by 805.2% in the 1st quarter. Paloma Partners Management Co now owns 54,300 shares of the company’s stock valued at $2,769,000 after buying an additional 48,301 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Capri by 2,695.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 249,123 shares of the company’s stock valued at $12,706,000 after buying an additional 240,210 shares during the period. Finally, Scopus Asset Management L.P. raised its holdings in shares of Capri by 42.1% in the 1st quarter. Scopus Asset Management L.P. now owns 1,350,000 shares of the company’s stock valued at $68,850,000 after buying an additional 400,000 shares during the period. 86.16% of the stock is currently owned by institutional investors and hedge funds.

Capri Company Profile

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. The company's Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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Analyst Recommendations for Capri (NYSE:CPRI)

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