Wells Fargo & Company Issues Positive Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its price target raised by equities research analysts at Wells Fargo & Company from $28.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 16.87% from the stock’s previous close.

CPRI has been the subject of several other reports. Barclays reissued an “equal weight” rating and issued a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $29.00 in a report on Friday, January 10th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $31.00 in a report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, TD Cowen reduced their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.36.

Capri Price Performance

Shares of NYSE CPRI opened at $25.67 on Monday. The stock’s 50-day simple moving average is $22.33 and its 200-day simple moving average is $29.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The firm has a market capitalization of $3.03 billion, a PE ratio of -8.39, a price-to-earnings-growth ratio of 5.20 and a beta of 2.06. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $49.43.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.13 EPS. As a group, equities research analysts forecast that Capri will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA increased its holdings in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after buying an additional 3,885,732 shares in the last quarter. FMR LLC lifted its position in shares of Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Capri during the 4th quarter worth approximately $48,953,000. Finally, Geode Capital Management LLC boosted its stake in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after acquiring an additional 41,009 shares in the last quarter. Institutional investors and hedge funds 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.