Robert W. Baird Remains a Hold on Capri Holdings (CPRI)

Robert W. Baird analyst Mark Altschwager maintained a Hold rating on Capri Holdings today and set a price target of $26.00.

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According to TipRanks, Altschwager is a 4-star analyst with an average return of 5.4% and a 48.31% success rate. Altschwager covers the Consumer Cyclical sector, focusing on stocks such as TJX Companies, Tapestry, and Gap Inc.

In addition to Robert W. Baird, Capri Holdings also received a Hold from Wells Fargo’s Ike Boruchow in a report issued yesterday. However, on December 9, Guggenheim initiated coverage with a Buy rating on Capri Holdings (NYSE: CPRI).

Based on Capri Holdings’ latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $856 million and a GAAP net loss of $28 million. In comparison, last year the company earned a revenue of $797 million and had a net profit of $53 million

Based on the recent corporate insider activity of 13 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. Earlier this month, Rajal Mehta, the Interim CFO of CPRI sold 10,000.00 shares for a total of $259,600.00.