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 released on Friday morning.

Several other equities analysts have also commented on the stock. Barclays lowered their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday. Robert W. Baird dropped their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. TD Cowen reduced their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and raised their target price for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.18.

Capri Stock Performance

Shares of NYSE CPRI opened at $21.71 on Friday. The stock has a market capitalization of $2.56 billion, a P/E ratio of -2.54, a P/E/G ratio of 4.97 and a beta of 2.06. The firm’s 50-day moving average price is $22.60 and its two-hundred day moving average price is $29.13. Capri has a 52-week low of $18.70 and a 52-week high of $47.80. 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 quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business posted $1.20 EPS. As a group, sell-side analysts forecast that Capri will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new stake in shares of Capri in the 3rd quarter worth approximately $42,000. Quarry LP acquired a new position in Capri in the third quarter worth approximately $53,000. KBC Group NV increased its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. CWM LLC lifted its position in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after acquiring an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of 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. 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.