Capri (NYSE:CPRI) Stock Rating Upgraded by Citigroup

Capri (NYSE:CPRI) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a $29.00 target price on the stock, up from their prior target price of $21.00. Citigroup’s price target suggests a potential upside of 34.63% from the company’s current price.

Other equities analysts have also issued research reports about the company. TD Cowen lowered their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Barclays reiterated an “equal weight” rating and issued a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, November 26th. Robert W. Baird decreased their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $25.00 to $31.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $27.55.

Capri Stock Up 0.4 %

Shares of NYSE:CPRI opened at $21.54 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market cap of $2.54 billion, a P/E ratio of -7.04, a P/E/G ratio of 4.55 and a beta of 2.06. Capri has a 1-year low of $18.70 and a 1-year high of $51.23. The firm has a fifty day moving average price of $21.35 and a 200 day moving average price of $30.62.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas acquired a new position in Capri during the third quarter worth about $25,888,000. Rule One Partners LLC acquired a new stake in shares of Capri during the 3rd quarter valued at approximately $2,483,000. Sunbelt Securities Inc. purchased a new stake in shares of Capri during the 3rd quarter worth approximately $42,000. Geode Capital Management LLC grew its holdings in shares of Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after acquiring an additional 41,009 shares during the period. Finally, M&T Bank Corp increased its stake in Capri by 21.5% in the 3rd quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock valued at $357,000 after purchasing an additional 1,488 shares in the last quarter. Institutional investors and hedge funds 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.