Capri (NYSE:CPRI) Earns Buy Rating from Guggenheim

Capri (NYSE:CPRI)‘s stock had its “buy” rating reaffirmed by equities researchers at Guggenheim in a research report issued on Wednesday,Benzinga reports. They currently have a $30.00 target price on the stock. Guggenheim’s target price points to a potential upside of 32.13% from the company’s current price.

CPRI has been the topic of several other research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Capri in a research note on Wednesday, February 5th. Wells Fargo & Company raised their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Robert W. Baird cut their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Price Performance

Shares of NYSE CPRI opened at $22.71 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. Capri has a 1-year low of $18.70 and a 1-year high of $47.72. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -2.66, a PEG ratio of 4.97 and a beta of 2.06. The business has a 50-day moving average of $22.55 and a 200-day moving average of $28.93.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 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 business earned $1.20 EPS. On average, equities analysts anticipate that Capri will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Several large investors have recently added to or reduced their stakes in CPRI. NewEdge Advisors LLC raised its holdings in shares of Capri by 24.0% during the fourth quarter. NewEdge Advisors LLC now owns 15,990 shares of the company’s stock worth $337,000 after purchasing an additional 3,091 shares during the period. Jump Financial LLC acquired a new stake in Capri during the fourth quarter worth about $10,324,000. Bridgewater Associates LP lifted its holdings in Capri by 13.6% in the fourth quarter. Bridgewater Associates LP now owns 49,413 shares of the company’s stock worth $1,041,000 after acquiring an additional 5,919 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock valued at $145,000 after acquiring an additional 2,546 shares during the period. Finally, Zazove Associates LLC bought a new position in shares of Capri during the fourth quarter valued at approximately $526,000. 84.34% of the stock is currently owned by institutional investors.

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.