BMO Capital Markets Upgrades Capri (NYSE:CPRI) to “Outperform”

BMO Capital Markets upgraded shares of Capri (NYSE:CPRI) from a market perform rating to an outperform rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has $31.00 target price on the stock, up from their previous target price of $25.00.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company reduced their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and an average price target of $28.18.

Capri Stock Performance

Shares of NYSE CPRI opened at $21.54 on Monday. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The company has a market cap of $2.54 billion, a PE ratio of -7.04, a P/E/G ratio of 4.55 and a beta of 2.06. The stock has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $30.74. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently modified their holdings of CPRI. Primecap Management Co. CA grew its holdings in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares during the last quarter. FMR LLC boosted its position in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the period. Geode Capital Management LLC increased its stake in Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after purchasing an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Capri by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after purchasing an additional 68,081 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new stake in Capri during the 2nd quarter worth about $33,080,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.