Capri (NYSE:CPRI) Rating Increased to Buy at Guggenheim

Guggenheim upgraded shares of Capri (NYSE:CPRI) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. Guggenheim currently has $30.00 target price on the stock.

CPRI has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. Barclays reissued an “equal weight” rating and set a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. Finally, UBS Group reduced their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Down 0.5 %

Capri stock opened at $23.41 on Tuesday. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -7.65, a price-to-earnings-growth ratio of 5.01 and a beta of 2.05. The stock’s fifty day moving average is $30.87 and its two-hundred day moving average is $33.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Blair William & Co. IL lifted its position in shares of Capri by 5.8% during the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC boosted its stake in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Avior Wealth Management LLC grew its holdings in 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. EMC Capital Management increased its position in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors 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.