Bernstein Sticks to Their Hold Rating for Capri Holdings (CPRI)

In a report released yesterday, Aneesha Sherman from Bernstein maintained a Hold rating on Capri Holdings, with a price target of $23.00. The company’s shares closed yesterday at $25.39.

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According to TipRanks, Sherman is a 3-star analyst with an average return of 4.7% and a 47.09% success rate. Sherman covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Nike, and adidas AG.

In addition to Bernstein, Capri Holdings also received a Hold from Robert W. Baird’s Mark Altschwager in a report issued on December 17. 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 12 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.