Telsey Advisory Group Lowers Capri (NYSE:CPRI) Price Target to $26.00

Capri (NYSE:CPRI) had its price objective decreased by research analysts at Telsey Advisory Group from $42.00 to $26.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target points to a potential upside of 22.30% from the company’s previous close.

CPRI has been the subject of a number of other research reports. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Wells Fargo & Company cut shares of Capri from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective for the company. in a research report on Thursday, October 17th. UBS Group lowered their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Capri has an average rating of “Hold” and a consensus price target of $31.50.

Capri Stock Down 48.9 %

Shares of NYSE CPRI opened at $21.26 on Friday. The company has a 50 day simple moving average of $38.74 and a 200-day simple moving average of $35.89. The company has a market capitalization of $2.50 billion, a P/E ratio of -8.54, a P/E/G ratio of 6.93 and a beta of 1.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. Capri has a 1 year low of $20.99 and a 1 year high of $51.46.

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

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Quent Capital LLC boosted its position in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the period. Bessemer Group Inc. lifted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares during the last quarter. CWM LLC lifted its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC lifted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the last quarter. Finally, EMC Capital Management lifted its position in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the last quarter. Hedge funds and other 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.