Needham Issues a Hold Rating on Capri Holdings (CPRI)


Needham analyst Rick Patel assigned a Hold rating to Capri Holdings (CPRI) today. The company’s shares closed last Thursday at $25.27.

According to TipRanks.com, Patel is a 3-star analyst with an average return of 3.2% and a 40.2% success rate. Patel covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, G-III Apparel Group, and Columbia Sportswear.

Currently, the analyst consensus on Capri Holdings is a Hold with an average price target of $24.29, representing a -2.0% downside. In a report issued on October 26, J.P. Morgan also maintained a Hold rating on the stock with a $27.00 price target.

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The company has a one-year high of $39.90 and a one-year low of $5.42. Currently, Capri Holdings has an average volume of 3.4M.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPRI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats: Collection, Lifestyle, outlet stores and e-commerce. The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom.

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