Barclays Sticks to Their Buy Rating for Capri Holdings (CPRI)

Barclays analyst Adrienne Yih maintained a Buy rating on Capri Holdings (CPRIResearch Report) on April 1 and set a price target of $72.00. The company’s shares closed last Monday at $50.71.

According to TipRanks.com, Yih is a 4-star analyst with an average return of 4.4% and a 47.4% success rate. Yih covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Dick’s Sporting Goods, and Canada Goose Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capri Holdings with a $80.77 average price target.

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Capri Holdings’ market cap is currently $7.53B and has a P/E ratio of 13.77.

Based on the recent corporate insider activity of 32 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. Most recently, in February 2022, John Idol, the Chairman & CEO of CPRI sold 103,801 shares for a total of $7,270,776.

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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