Barclays Cuts Capri (NYSE:CPRI) Price Target to $13.00

Capri (NYSE:CPRI) had its target price cut by Barclays from $19.00 to $13.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

CPRI has been the subject of several other reports. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Finally, Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.08.

Capri Stock Performance

Capri stock opened at $14.66 on Thursday. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm’s 50 day simple moving average is $20.00 and its 200-day simple moving average is $24.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The company has a market cap of $1.73 billion, a P/E ratio of -1.71, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, equities research analysts predict that Capri will post 0.98 EPS for the current year.

Institutional Trading of Capri

Several large investors have recently made changes to their positions in CPRI. Vanguard Group Inc. lifted its holdings in Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company’s stock worth $239,613,000 after purchasing an additional 151,866 shares during the last quarter. FMR LLC raised its position in shares of Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock worth $98,736,000 after buying an additional 547,578 shares during the period. Pacer Advisors Inc. grew its stake in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after buying an additional 3,885,732 shares during the last quarter. Finally, Norges Bank acquired a new position in Capri in the 4th quarter valued at $58,070,000. Institutional investors own 84.34% of the company’s stock.

Capri Company Profile

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.