Capri (NYSE:CPRI) Now Covered by Raymond James
Raymond James began coverage on shares of Capri in a report on Monday. They issued an "outperform" rating for the company.
Research analysts at Raymond James initiated coverage on shares of Capri (NYSE:CPRI - Get Rating) in a research note issued on Monday, The Fly reports. The firm set an "outperform" rating on the stock.
A number of other research analysts have also commented on CPRI. JPMorgan Chase & Co. lifted their price objective on shares of Capri from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Tuesday, November 29th. Barclays dropped their price objective on shares of Capri to $56.00 in a research note on Wednesday, November 16th. Telsey Advisory Group dropped their price objective on shares of Capri from $60.00 to $54.00 and set a "market perform" rating on the stock in a research note on Thursday, November 10th. Citigroup dropped their price objective on shares of Capri from $72.00 to $67.00 in a research note on Friday, November 4th. Finally, StockNews.com began coverage on shares of Capri in a research note on Wednesday, October 12th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.00.
Capri Stock Down 2.8 %
NYSE:CPRI traded down $1.62 during midday trading on Monday, hitting $55.75. 2,133,386 shares of the company were exchanged, compared to its average volume of 2,252,854. The company has a fifty day simple moving average of $50.34 and a 200 day simple moving average of $47.78. Capri has a fifty-two week low of $36.90 and a fifty-two week high of $72.37. The company has a current ratio of 1.63, a quick ratio of 0.71 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $7.18 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.70 and a beta of 2.26.
Capri (NYSE:CPRI - Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.55 by $0.24. Capri had a net margin of 14.10% and a return on equity of 38.60%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $1.53 EPS. Capri's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Capri will post 6.86 earnings per share for the current fiscal year.
Capri announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 14.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of Capri
Several institutional investors and hedge funds have recently modified their holdings of CPRI. Professional Financial Advisors LLC purchased a new stake in shares of Capri in the second quarter valued at about $25,000. First Horizon Advisors Inc. lifted its stake in shares of Capri by 624.7% during the second quarter. First Horizon Advisors Inc. now owns 616 shares of the company's stock valued at $25,000 after buying an additional 531 shares during the period. Kistler Tiffany Companies LLC purchased a new position in shares of Capri during the second quarter valued at approximately $35,000. UMB Bank n.a. lifted its stake in shares of Capri by 99.2% during the third quarter. UMB Bank n.a. now owns 996 shares of the company's stock valued at $38,000 after buying an additional 496 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Capri by 42.9% during the third quarter. Quadrant Capital Group LLC now owns 1,570 shares of the company's stock valued at $60,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 85.20% 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.
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