Capri (NYSE:CPRI) had its price objective raised by Deutsche Bank from $21.00 to $25.00 in a research report report published on Thursday, The Fly reports. The firm currently has a hold rating on the stock.

Several other brokerages have also recently commented on CPRI. Oppenheimer restated a hold rating on shares of Capri in a report on Thursday. MKM Partners cut their price target on shares of Capri from $35.00 to $15.00 in a research note on Monday. BTIG Research started coverage on shares of Capri in a research note on Tuesday, April 28th. They issued a neutral rating for the company. Wells Fargo & Co cut shares of Capri from an overweight rating to an equal weight rating and cut their price target for the company from $30.00 to $18.00 in a research note on Monday, March 30th. Finally, Citigroup cut their price target on shares of Capri from $26.00 to $21.00 and set a buy rating for the company in a research note on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Capri currently has a consensus rating of Hold and a consensus price target of $31.00.

CPRI traded down $0.11 during trading hours on Thursday, hitting $15.23. 3,371,669 shares of the company’s stock were exchanged, compared to its average volume of 4,371,843. Capri has a 1-year low of $5.42 and a 1-year high of $39.90. The stock’s 50-day moving average is $16.86 and its two-hundred day moving average is $13.87. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -9.89, a PEG ratio of 1.38 and a beta of 1.87. The company has a quick ratio of 0.36, a current ratio of 0.77 and a debt-to-equity ratio of 1.09.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, July 1st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.21). Capri had a return on equity of 27.42% and a net margin of 6.08%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Capri will post 2.32 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Capri by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,010,865 shares of the company’s stock worth $10,909,000 after buying an additional 21,179 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Capri by 12.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 26,967 shares of the company’s stock worth $291,000 after buying an additional 2,903 shares during the period. Amalgamated Bank boosted its position in Capri by 9.0% during the 4th quarter. Amalgamated Bank now owns 36,518 shares of the company’s stock worth $1,393,000 after buying an additional 3,017 shares during the period. Alliancebernstein L.P. boosted its position in Capri by 17.1% during the 4th quarter. Alliancebernstein L.P. now owns 2,527,639 shares of the company’s stock worth $96,429,000 after buying an additional 369,107 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in Capri during the 1st quarter worth approximately $4,343,000. Institutional investors own 92.34% of the company’s stock.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Analyst Recommendations for Capri (NYSE:CPRI)

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