Capri (NYSE:CPRI) Given New $23.00 Price Target at Telsey Advisory Group

Capri (NYSE:CPRI) had its target price lowered by Telsey Advisory Group from $26.00 to $23.00 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a market perform rating on the stock.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. UBS Group dropped their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.88.

Capri Price Performance

NYSE:CPRI traded up $0.48 during mid-day trading on Friday, hitting $21.00. 5,898,896 shares of the company’s stock traded hands, compared to its average volume of 2,076,146. 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 company has a market cap of $2.48 billion, a PE ratio of -6.86, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. The firm’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $34.08.

Hedge Funds Weigh In On Capri

A number of large investors have recently modified their holdings of the business. Blair William & Co. IL boosted its position in shares of Capri by 5.8% in the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after acquiring an additional 350 shares during the period. Signaturefd LLC boosted 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 valued at $90,000 after purchasing an additional 351 shares in the last quarter. Avior Wealth Management LLC increased its stake in Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. EMC Capital Management lifted its holdings in shares of Capri by 32.7% in 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 in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Capri by 0.3% during the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock valued at $10,396,000 after buying an additional 600 shares during the last quarter. 84.34% 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. 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.