Capri’s (CPRI) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Capri (NYSE:CPRI) in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a $42.00 price objective on the stock.

A number of other research analysts also recently commented on the company. StockNews.com began coverage on Capri in a research note on Saturday, April 13th. They set a hold rating for the company. OTR Global restated a mixed rating on shares of Capri in a research note on Wednesday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri presently has a consensus rating of Hold and an average price target of $49.25.

Capri Price Performance

Shares of CPRI opened at $34.63 on Thursday. The company has a market cap of $4.04 billion, a P/E ratio of 19.46, a PEG ratio of 7.03 and a beta of 2.08. The stock has a fifty day moving average price of $39.52 and a 200 day moving average price of $45.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. Capri has a 12 month low of $34.17 and a 12 month high of $54.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new position in Capri during the fourth quarter valued at about $25,000. Quent Capital LLC boosted its stake in Capri by 171.8% during the first quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares in the last quarter. Bessemer Group Inc. boosted its stake in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares in the last quarter. Vima LLC bought a new position in Capri during the fourth quarter valued at about $70,000. Finally, U S Global Investors Inc. bought a new position in Capri during the fourth quarter valued at about $75,000. Institutional investors own 84.34% of the company’s stock.

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.