Capri (NYSE:CPRI) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Capri (NYSE:CPRI) from a sell rating to a hold rating in a research report released on Friday.

A number of other equities analysts also recently issued reports on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. TD Cowen cut their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Barclays decreased their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.18.

Capri Price Performance

Shares of CPRI opened at $21.71 on Friday. The firm has a fifty day simple moving average of $22.63 and a two-hundred day simple moving average of $29.28. The firm has a market cap of $2.56 billion, a PE ratio of -7.09, a P/E/G ratio of 5.76 and a beta of 2.06. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri has a 1-year low of $18.70 and a 1-year high of $47.80.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the previous year, the firm posted $1.20 EPS. On average, equities analysts anticipate that Capri will post 1.51 EPS for the current year.

Institutional Investors Weigh In On Capri

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in Capri in the 3rd quarter valued at $42,000. Quarry LP purchased a new position in shares of Capri during the third quarter valued at about $53,000. KBC Group NV increased its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the last quarter. CWM LLC lifted its position in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

About Capri

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.