Barclays Has Lowered Expectations for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price objective reduced by Barclays from $21.00 to $19.00 in a research report report published on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

CPRI has been the subject of several other research reports. Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. TD Cowen cut their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Capri in a report on Wednesday. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their price objective on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.18.

Capri Trading Down 0.9 %

Shares of NYSE:CPRI opened at $21.41 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri has a 1-year low of $18.70 and a 1-year high of $47.80. The business’s 50 day moving average is $22.68 and its 200-day moving average is $29.33.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, sell-side analysts expect that Capri will post 1.51 EPS for the current fiscal year.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. acquired a new stake in shares of Capri during the 3rd quarter worth approximately $42,000. Quarry LP bought a new position in Capri in the third quarter valued at approximately $53,000. KBC Group NV grew its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares during the period. CWM LLC raised its position in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after acquiring an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Capri by 15.2% in the 3rd 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 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.