Capri (NYSE:CPRI) Upgraded by Wells Fargo & Company to “Overweight” Rating

Capri (NYSE:CPRI) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a $28.00 price target on the stock, up from their prior price target of $20.00. Wells Fargo & Company‘s target price suggests a potential upside of 18.04% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Robert W. Baird decreased their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Telsey Advisory Group dropped their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. Finally, Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.55.

Capri Stock Up 10.3 %

Shares of NYSE CPRI opened at $23.72 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of -7.75, a PEG ratio of 4.55 and a beta of 2.06. Capri has a one year low of $18.70 and a one year high of $51.23. The firm’s 50 day simple moving average is $21.42 and its two-hundred day simple moving average is $30.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Investors Weigh In On Capri

Several institutional investors and hedge funds have recently modified their holdings of CPRI. Sunbelt Securities Inc. bought a new position in Capri in the third quarter worth about $42,000. Quarry LP bought a new position in shares of Capri in the 3rd quarter worth approximately $53,000. KBC Group NV lifted its stake in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. CWM LLC lifted its stake in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.