Capri (NYSE:CPRI) Raised to “Overweight” at Wells Fargo & Company

Capri (NYSE:CPRI) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $28.00 target price on the stock, up from their previous target price of $20.00. Wells Fargo & Company‘s price objective suggests a potential upside of 18.04% from the company’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Telsey Advisory Group decreased their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and set a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. Finally, BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $31.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.55.

Capri Trading Up 10.3 %

NYSE CPRI opened at $23.72 on Friday. The business’s fifty day moving average is $21.42 and its 200-day moving average is $30.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 4.55 and a beta of 2.06. Capri has a one year low of $18.70 and a one year high of $51.23.

Institutional Investors Weigh In On Capri

Institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL increased its stake in Capri by 5.8% in 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 during the last quarter. Avior Wealth Management LLC increased its position in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the last quarter. KBC Group NV raised its stake in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC lifted its position in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Capri by 6.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,489 shares of the company’s stock worth $347,000 after buying an additional 662 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.