Capri (NYSE:CPRI) Now Covered by Analysts at Bank of America

Bank of America assumed coverage on shares of Capri (NYSE:CPRI) in a research note released on Monday. The firm issued a neutral rating and a $23.00 target price on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Jefferies Financial Group upped their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Robert W. Baird reduced their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

Shares of CPRI stock opened at $22.63 on Monday. The stock has a market capitalization of $2.67 billion, a PE ratio of -2.65, a price-to-earnings-growth ratio of 4.97 and a beta of 2.06. Capri has a 52-week low of $18.70 and a 52-week high of $47.72. The stock’s 50-day moving average price is $22.55 and its 200 day moving average price is $28.93. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $1.20 EPS. As a group, equities research analysts forecast that Capri will post 1.51 EPS for the current year.

Institutional Trading of Capri

A number of institutional investors and hedge funds have recently made changes to their positions in CPRI. Truist Financial Corp acquired a new stake in shares of Capri during the 2nd quarter worth $429,000. CWM LLC increased its holdings in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Capri by 13,982.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,124 shares of the company’s stock worth $897,000 after buying an additional 20,974 shares during the last quarter. Creative Planning increased its holdings in shares of Capri by 18.0% during the 3rd quarter. Creative Planning now owns 21,061 shares of the company’s stock worth $894,000 after buying an additional 3,214 shares during the last quarter. Finally, Avaii Wealth Management LLC acquired a new stake in shares of Capri during the 3rd quarter worth $290,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.