Initiates Coverage on Capri (NYSE:CPRI) began coverage on shares of Capri (NYSE:CPRIFree Report) in a research note released on Friday. The brokerage issued a hold rating on the stock.

Separately, Telsey Advisory Group reissued a market perform rating and issued a $57.00 price objective on shares of Capri in a report on Friday, February 2nd. Fifteen investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $51.14.

Check Out Our Latest Report on Capri

Capri Trading Up 1.4 %

Capri stock opened at $47.49 on Friday. The company’s fifty day simple moving average is $49.34 and its 200-day simple moving average is $49.52. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri has a 12 month low of $34.17 and a 12 month high of $54.52. The stock has a market cap of $5.52 billion, a P/E ratio of 26.68, a P/E/G ratio of 8.69 and a beta of 2.07.

Capri (NYSE:CPRIGet Free Report) last posted 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 return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $1.84 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Capri will post 4.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

Several large investors have recently modified their holdings of CPRI. Private Wealth Management Group LLC acquired a new stake in Capri in the fourth quarter worth $25,000. National Bank of Canada FI grew its stake in Capri by 252.2% during the second quarter. National Bank of Canada FI now owns 1,127 shares of the company’s stock valued at $40,000 after acquiring an additional 807 shares in the last quarter. Covestor Ltd lifted its position in Capri by 789.3% during the second quarter. Covestor Ltd now owns 1,334 shares of the company’s stock valued at $48,000 after purchasing an additional 1,184 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of Capri in the 4th quarter worth approximately $75,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after acquiring an additional 440 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Capri Company Profile

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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.

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