Guggenheim Reaffirms “Buy” Rating for Capri (NYSE:CPRI)

Guggenheim reaffirmed their buy rating on shares of Capri (NYSE:CPRI) in a research report released on Wednesday,Benzinga reports. The firm currently has a $30.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Bank of America began coverage on Capri in a research note on Monday. They issued a “neutral” rating and a $23.00 price target for the company. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Robert W. Baird decreased their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.92.

Capri Price Performance

Shares of NYSE CPRI opened at $22.63 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.38 and a current ratio of 1.21. Capri has a 1-year low of $18.70 and a 1-year high of $47.72. The business has a fifty day moving average price of $22.55 and a 200 day moving average price of $28.93.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm earned $1.20 EPS. Research analysts anticipate that Capri will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new stake in Capri during the third quarter worth about $42,000. Quarry LP acquired a new stake in Capri during the third quarter worth about $53,000. Twin Tree Management LP acquired a new stake in Capri during the fourth quarter worth about $45,000. KBC Group NV grew its holdings in Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after acquiring an additional 652 shares during the period. Finally, CWM LLC grew its holdings in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares during the period. 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.