Capri (NYSE:CPRI) Upgraded at StockNews.com

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

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Capri in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their price objective on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus target price of $26.18.

Capri Trading Up 1.5 %

Shares of CPRI stock opened at $21.71 on Friday. The firm’s 50-day simple moving average is $22.60 and its 200-day simple moving average is $29.13. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. Capri has a 1-year low of $18.70 and a 1-year high of $47.80. The firm has a market cap of $2.56 billion, a P/E ratio of -2.54, a PEG ratio of 4.97 and a beta of 2.06.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, equities analysts forecast that Capri will post 1.51 EPS for the current year.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. acquired a new position in shares of Capri in the third quarter worth about $42,000. Quarry LP purchased a new stake in Capri during the 3rd quarter worth approximately $53,000. KBC Group NV raised its position in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares in the last quarter. CWM LLC boosted its stake in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares in the last quarter. 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.