Needham Keeps Their Hold Rating on Capri Holdings (CPRI)


Needham analyst Rick Patel maintained a Hold rating on Capri Holdings (CPRI) today. The company’s shares closed last Thursday at $14.83.

According to TipRanks.com, Patel is a 1-star analyst with an average return of -0.8% and a 36.7% success rate. Patel covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Lululemon Athletica.

Currently, the analyst consensus on Capri Holdings is a Hold with an average price target of $18.22, representing a 18.2% upside. In a report issued on August 3, Barclays also maintained a Hold rating on the stock with a $15.00 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 4.73M.

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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. 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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