Canaccord Genuity reissued their buy rating on shares of Capri (NYSE:CPRI) in a report issued on Thursday, The Fly reports. They currently have a $67.00 price objective on the stock, down from their previous price objective of $76.00. The analysts noted that the move was a valuation call.

CPRI has been the topic of a number of other research reports. Wolfe Research restated an outperform rating and set a $53.00 target price (down previously from $63.00) on shares of Capri in a report on Friday, February 1st. Zacks Investment Research cut shares of Capri from a hold rating to a strong sell rating in a report on Thursday, February 7th. Guggenheim restated a hold rating on shares of Capri in a report on Wednesday, February 6th. ValuEngine cut shares of Capri from a hold rating to a sell rating in a report on Saturday, February 2nd. Finally, Needham & Company LLC dropped their target price on shares of Capri from $67.00 to $61.00 and set a buy rating on the stock in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Capri has a consensus rating of Hold and a consensus target price of $52.44.

NYSE:CPRI opened at $32.48 on Thursday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.94 and a beta of 0.47. Capri has a twelve month low of $32.08 and a twelve month high of $75.96. The company has a current ratio of 1.12, a quick ratio of 1.93 and a debt-to-equity ratio of 0.80.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, analysts predict that Capri will post 4.95 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Capri in the 1st quarter worth about $468,066,000. AQR Capital Management LLC bought a new position in Capri in the 1st quarter worth about $405,282,000. FMR LLC bought a new position in Capri in the 1st quarter worth about $312,693,000. Geode Capital Management LLC bought a new position in Capri in the 4th quarter worth about $89,438,000. Finally, Northern Trust Corp bought a new position in Capri in the 1st quarter worth about $94,128,000. Institutional investors own 86.17% of the company’s stock.

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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