Capri (NYSE:CPRI) Now Covered by Bank of America

Bank of America assumed coverage on shares of Capri (NYSE:CPRI) in a research note released on Monday. The brokerage issued a neutral rating and a $23.00 target price on the stock.

A number of other brokerages have also issued reports on CPRI. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, November 26th. Robert W. Baird lowered their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Jefferies Financial Group increased 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. Barclays decreased their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Capri in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Capri currently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

CPRI stock opened at $21.99 on Monday. Capri has a twelve month low of $18.70 and a twelve month high of $47.72. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -2.57, a PEG ratio of 4.97 and a beta of 2.06. The business’s fifty day simple moving average is $22.60 and its two-hundred day simple moving average is $29.13. 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 posted 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 quarter in the previous year, the company posted $1.20 earnings per share. Analysts predict that Capri will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in Capri in the third quarter valued at approximately $42,000. Quarry LP acquired a new stake in Capri during the 3rd quarter valued at approximately $53,000. Twin Tree Management LP purchased a new stake in shares of Capri in the 4th quarter valued at $45,000. KBC Group NV increased its stake in shares of Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after acquiring an additional 652 shares during the period. Finally, CWM LLC raised its holdings in shares of Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other 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.