Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Buy rating on Capri Holdings (NYSE:CPRI) on Wednesday, setting a price target of $75, which is approximately 50.72% above the present share price of $49.76.
Boruchow expects Capri Holdings to post earnings per share (EPS) of -$1.21 for the third quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Moderate Buy rating of shares in Capri Holdings, with an average price target of $69.12.
The analysts price targets range from a high of $90 to a low of $56.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.2 billion and a net profit of $81 million. The company's market cap is $7.53 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 53.85% success rate.
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.