Capri Holdings (CPRI) Receives a Hold from Wells Fargo

Wells Fargo analyst Ike Boruchow maintained a Hold rating on Capri Holdings yesterday and set a price target of $30.00. The company’s shares closed yesterday at $26.14.

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According to TipRanks, Boruchow is a 4-star analyst with an average return of 5.1% and a 50.10% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Bath & Body Works, Ross Stores, and Burlington Stores.

Currently, the analyst consensus on Capri Holdings is a Moderate Buy with an average price target of $26.71, representing a 2.18% upside. In a report released on January 8, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $27.00 price target.

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. Last month, Rajal Mehta, the Interim CFO of CPRI sold 10,000.00 shares for a total of $259,600.00.