Jefferies Financial Group Increases Capri (NYSE:CPRI) Price Target to $23.00

Capri (NYSE:CPRI) had its price target lifted by equities research analysts at Jefferies Financial Group from $20.00 to $23.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 10.40% from the stock’s previous close.

Several other analysts have also issued reports on CPRI. Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company upped their price objective on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday. Telsey Advisory Group decreased their target price on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. Barclays restated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. Finally, Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Capri currently has a consensus rating of “Hold” and a consensus target price of $26.36.

Capri Trading Up 1.3 %

NYSE:CPRI traded up $0.33 on Tuesday, reaching $25.67. The company’s stock had a trading volume of 2,631,652 shares, compared to its average volume of 2,769,400. Capri has a 1-year low of $18.70 and a 1-year high of $49.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The firm has a market cap of $3.03 billion, a PE ratio of -8.39, a PEG ratio of 5.20 and a beta of 2.06. The business’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $29.81.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the previous year, the firm posted $1.13 earnings per share. Equities research analysts anticipate that Capri will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPRI. Primecap Management Co. CA grew its stake in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. Pacer Advisors Inc. grew its stake in Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after acquiring an additional 3,885,732 shares during the period. FMR LLC grew its stake in Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Capri in the fourth quarter valued at approximately $48,953,000. Finally, Geode Capital Management LLC grew its stake in Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares during the period. 84.34% of the stock is owned by institutional investors.

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.