Capri (NYSE:CPRI) Upgraded at Guggenheim

Capri (NYSE:CPRI) was upgraded by stock analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $30.00 price objective on the stock. Guggenheim’s price objective would suggest a potential upside of 39.41% from the company’s previous close.

CPRI has been the subject of a number of other research reports. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Telsey Advisory Group cut their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, TD Cowen reduced their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.20.

Capri Trading Up 5.1 %

Shares of NYSE CPRI opened at $21.52 on Tuesday. The company’s 50 day simple moving average is $32.47 and its 200 day simple moving average is $33.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm has a market capitalization of $2.54 billion, a P/E ratio of -7.03, a P/E/G ratio of 4.36 and a beta of 2.05.

Institutional Investors Weigh In On Capri

Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Baupost Group LLC MA acquired a new position in Capri during the second quarter valued at approximately $33,080,000. DME Capital Management LP bought a new position in Capri in the second quarter valued at approximately $22,652,000. Primecap Management Co. CA increased its position in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in shares of Capri during the 3rd quarter worth approximately $12,689,000. 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.