Capri (NYSE:CPRI) had its price objective reduced by UBS Group from $37.00 to $26.00 in a research report report published on Thursday morning, The Fly reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup lowered their price target on shares of Capri from $26.00 to $21.00 and set a buy rating for the company in a report on Thursday, April 30th. Guggenheim dropped their target price on Capri from $45.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday, April 29th. Deutsche Bank reduced their price target on Capri from $24.00 to $21.00 and set a hold rating for the company in a report on Monday, June 8th. Telsey Advisory Group restated a market perform rating on shares of Capri in a report on Thursday, June 25th. Finally, Needham & Company LLC began coverage on Capri in a research note on Monday. They set a hold rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Capri presently has an average rating of Hold and an average target price of $31.00.

NYSE CPRI traded down $0.11 during trading hours on Thursday, hitting $15.23. The company had a trading volume of 3,371,669 shares, compared to its average volume of 4,371,843. The firm’s 50 day moving average is $16.86 and its 200 day moving average is $13.87. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -9.89, a P/E/G ratio of 1.38 and a beta of 1.87. Capri has a fifty-two week low of $5.42 and a fifty-two week high of $39.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.77 and a quick ratio of 0.36.

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

Several large investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in Capri in the first quarter valued at approximately $69,000. Vestcor Investment Management Corp bought a new stake in shares of Capri in the 4th quarter worth $100,000. Point72 Hong Kong Ltd acquired a new stake in shares of Capri in the fourth quarter valued at $104,000. US Bancorp DE boosted its stake in Capri by 657.6% during the first quarter. US Bancorp DE now owns 2,826 shares of the company’s stock valued at $30,000 after buying an additional 2,453 shares in the last quarter. Finally, Arden Trust Co acquired a new position in Capri during the first quarter worth about $35,000. 92.34% of the stock is currently owned by institutional investors.

Capri Company Profile

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.

See Also: How to calculate the intrinsic value of a stock

The Fly

Analyst Recommendations for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.