Capri (NYSE:CPRI) PT Lowered to $39.00 at UBS Group

Capri (NYSE:CPRI) had its target price decreased by UBS Group from $42.00 to $39.00 in a research note issued to investors on Wednesday. UBS Group currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on CPRI. Telsey Advisory Group reaffirmed a market perform rating and set a $42.00 price target on shares of Capri in a research note on Thursday, May 30th. Jefferies Financial Group lowered their target price on Capri from $57.00 to $38.00 and set a hold rating on the stock in a report on Thursday, May 30th. Citigroup raised shares of Capri from a neutral rating to a buy rating and cut their price target for the company from $56.00 to $41.00 in a report on Monday, June 17th. Wells Fargo & Company lowered their price objective on shares of Capri from $43.00 to $42.00 and set an overweight rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com lowered shares of Capri from a hold rating to a sell rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Capri has a consensus rating of Hold and an average target price of $40.40.

Capri Price Performance

Shares of CPRI opened at $38.22 on Wednesday. Capri has a one year low of $29.28 and a one year high of $52.88. The stock’s fifty day moving average is $34.22 and its 200-day moving average is $37.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of -19.40, a price-to-earnings-growth ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. Equities analysts anticipate that Capri will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Capri in the 4th quarter valued at approximately $166,766,000. TIG Advisors LLC raised its stake in Capri by 9.3% during the 4th quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock valued at $93,625,000 after purchasing an additional 158,303 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Capri by 82.8% in the fourth quarter. Franklin Resources Inc. now owns 1,669,441 shares of the company’s stock valued at $83,873,000 after purchasing an additional 756,425 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after buying an additional 68,081 shares during the period. Finally, PSquared Asset Management AG grew its holdings in shares of Capri by 21.5% during the fourth quarter. PSquared Asset Management AG now owns 1,410,515 shares of the company’s stock valued at $64,807,000 after buying an additional 249,327 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

About Capri

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.