Capri (NYSE:CPRI) Given New $19.00 Price Target at JPMorgan Chase & Co.

Capri (NYSE:CPRI) had its price target lifted by JPMorgan Chase & Co. from $15.00 to $19.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other analysts have also commented on the stock. 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. Wells Fargo & Company dropped their target price 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. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. Telsey Advisory Group dropped their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. Finally, TD Cowen cut their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.90.

Capri Price Performance

Shares of NYSE CPRI opened at $21.18 on Monday. 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 $2.50 billion, a price-to-earnings ratio of -6.92, a PEG ratio of 4.63 and a beta of 2.05. The firm’s 50 day simple moving average is $26.43 and its 200-day simple moving average is $31.98. Capri has a 12 month low of $18.70 and a 12 month high of $51.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Capri by 50.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after acquiring an additional 2,806 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Capri by 12.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock valued at $215,000 after acquiring an additional 705 shares in the last quarter. Calamos Advisors LLC raised its holdings in Capri by 6.2% in the 2nd quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock valued at $21,810,000 after acquiring an additional 38,343 shares during the last quarter. Finally, GAM Holding AG lifted its stake in Capri by 20.0% in the 2nd quarter. GAM Holding AG now owns 18,000 shares of the company’s stock worth $595,000 after purchasing an additional 3,000 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

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.