Capri (NYSE:CPRI) Earns “Equal Weight” Rating from Barclays

Barclays restated their equal weight rating on shares of Capri (NYSE:CPRI) in a research report report published on Wednesday morning, MarketBeat reports. They currently have a $21.00 price objective on the stock.

Several other brokerages also recently issued reports on CPRI. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company lowered their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, September 13th. Robert W. Baird lowered their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, UBS Group dropped their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Capri Price Performance

CPRI opened at $20.48 on Wednesday. The firm has a market cap of $2.41 billion, a PE ratio of -6.69, a P/E/G ratio of 4.20 and a beta of 2.05. The stock has a 50-day moving average price of $32.47 and a 200-day moving average price of $33.55. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the period. JT Stratford LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $776,000. Gabelli Funds LLC grew its stake in Capri by 7.1% in the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock worth $22,858,000 after purchasing an additional 33,550 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Capri by 6.6% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 431,950 shares of the company’s stock worth $19,567,000 after purchasing an additional 26,650 shares during the period. Finally, Alpine Global Management LLC bought a new stake in Capri during the 1st quarter valued at $1,470,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.