In a report released yesterday, Robert Drbul from Guggenheim maintained a Hold rating on Capri Holdings Limited (CPRI). The company’s shares closed yesterday at $35.40, close to its 52-week low of $32.09.
Drbul noted:
“We remain NEUTRAL and await signs of sustainable comp/margin improvement for the Michael Kors brand, as efforts to improve positioning globally are ongoing, while execution risk and investment spend remain for Jimmy Choo and Versace.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 7.3% and a 60.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Burlington Stores.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capri Holdings Limited with a $50.30 average price target, which is a 42.1% upside from current levels. In a report issued on May 29, CFRA also maintained a Hold rating on the stock with a $40 price target.
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Based on Capri Holdings Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $19.4 million. In comparison, last year the company had a net profit of $44.1 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPRI in relation to earlier this year.
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Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. It operates through the following segments: Versace, Jimmy Choo and Michael Kors.
