Capri’s (CPRI) Mixed Rating Reaffirmed at OTR Global

Capri (NYSE:CPRI)‘s stock had its “mixed” rating reiterated by analysts at OTR Global in a research report issued on Wednesday, Benzinga reports.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group reissued a “market perform” rating and set a $57.00 target price on shares of Capri in a report on Friday, February 9th. StockNews.com began coverage on Capri in a report on Saturday. They set a “hold” rating for the company. Thirteen investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $50.50.

Capri Stock Performance

Capri stock traded down $0.97 during mid-day trading on Wednesday, hitting $37.96. 2,978,431 shares of the company’s stock traded hands, compared to its average volume of 1,207,857. The firm has a 50 day simple moving average of $45.47 and a two-hundred day simple moving average of $48.27. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 7.98 and a beta of 2.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior 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, research analysts expect that Capri will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in Capri by 2.8% in the first quarter. State Street Corp now owns 4,421,881 shares of the company’s stock valued at $227,240,000 after acquiring an additional 119,122 shares during the last quarter. Norges Bank bought a new position in Capri in the fourth quarter valued at about $166,766,000. Goldman Sachs Group Inc. grew its holdings in shares of Capri by 6.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,827,937 shares of the company’s stock worth $115,973,000 after purchasing an additional 177,979 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Capri by 27.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,707,359 shares of the company’s stock worth $127,246,000 after purchasing an additional 581,882 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its holdings in shares of Capri by 0.3% during the fourth quarter. Alpine Associates Management Inc. now owns 2,447,800 shares of the company’s stock worth $122,977,000 after purchasing an additional 8,200 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

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. 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.