Capri (NYSE:CPRI) PT Lowered to $60.00

Capri (NYSE:CPRI) had its target price decreased by Nomura from $76.00 to $60.00 in a research report released on Wednesday, June 5th, The Fly reports. Nomura currently has a buy rating on the stock.

CPRI has been the topic of a number of other reports. Needham & Company LLC reaffirmed a buy rating and issued a $54.00 price target on shares of Capri in a research note on Thursday, May 30th. Canaccord Genuity reissued a buy rating and set a $67.00 target price (down from $76.00) on shares of Capri in a research report on Thursday, May 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Capri from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Wednesday, May 8th. UBS Group lowered their target price on shares of Capri from $75.00 to $73.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Finally, Guggenheim reissued a hold rating on shares of Capri in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $52.00.

Shares of CPRI traded up $0.68 during trading hours on Wednesday, hitting $34.68. The company’s stock had a trading volume of 2,292,072 shares, compared to its average volume of 2,772,547. The company has a 50 day moving average price of $36.59. The company has a market cap of $5.17 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Capri has a 52-week low of $32.08 and a 52-week high of $75.96. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, May 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. Capri’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Capri will post 4.95 EPS for the current year.

In related news, CFO Thomas Jr. Edwards acquired 11,600 shares of Capri stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $34.41 per share, with a total value of $399,156.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John D. Idol acquired 615,000 shares of Capri stock in a transaction on Monday, June 3rd. The shares were bought at an average cost of $32.57 per share, for a total transaction of $20,030,550.00. The disclosure for this purchase can be found here. Corporate insiders own 5.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CPRI. Amundi Pioneer Asset Management Inc. purchased a new stake in Capri during the 1st quarter valued at about $13,435,000. First Trust Advisors LP bought a new stake in shares of Capri in the first quarter valued at about $4,158,000. FMR LLC bought a new stake in shares of Capri in the first quarter valued at about $312,693,000. Horizon Investments LLC bought a new stake in shares of Capri in the first quarter valued at about $305,000. Finally, Lombard Odier Asset Management USA Corp bought a new stake in shares of Capri in the first quarter valued at about $12,238,000. 86.65% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for Capri (NYSE:CPRI)

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