Capri (NYSE:CPRI) Upgraded to “Buy” at Guggenheim

Guggenheim upgraded shares of Capri (NYSE:CPRI) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat.com reports. The firm currently has $30.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. Robert W. Baird decreased their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Telsey Advisory Group reduced their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Citigroup lowered 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. Finally, Barclays reiterated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.20.

Capri Stock Up 5.9 %

CPRI opened at $22.82 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a market cap of $2.69 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 4.36 and a beta of 2.05. The company has a 50-day moving average price of $32.13 and a 200 day moving average price of $33.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in shares of Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after acquiring an additional 350 shares in the last quarter. Signaturefd LLC boosted its holdings in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares in the last quarter. Avior Wealth Management LLC increased its stake in Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares during the last quarter. EMC Capital Management raised its holdings in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors 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.