Capri (NYSE:CPRI) Upgraded to Hold at StockNews.com

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

Several other equities research analysts also recently weighed in on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Barclays reduced their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Jefferies Financial Group increased their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Capri has a consensus rating of “Hold” and a consensus price target of $26.18.

Capri Trading Up 1.5 %

CPRI opened at $21.71 on Friday. The stock has a 50-day moving average of $22.63 and a 200 day moving average of $29.28. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri has a 12 month low of $18.70 and a 12 month high of $47.80. The firm has a market cap of $2.56 billion, a P/E ratio of -7.09, a P/E/G ratio of 5.76 and a beta of 2.06.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same period in the previous year, the firm posted $1.20 earnings per share. As a group, research analysts forecast that Capri will post 1.51 EPS for the current year.

Institutional Trading of Capri

Institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after acquiring an additional 533 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after purchasing an additional 596 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after purchasing an additional 643 shares in the last quarter. KBC Group NV increased its holdings in Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after buying an additional 652 shares during the period. Finally, CWM LLC raised its stake in Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares in the last quarter. 84.34% of the stock is currently owned by 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.