Jefferies Financial Group Forecasts Strong Price Appreciation for Capri (NYSE:CPRI) Stock

Capri (NYSE:CPRI) had its price target increased by Jefferies Financial Group from $20.00 to $23.00 in a research report released on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also weighed in on the company. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. 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. Telsey Advisory Group reduced their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. upped 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. Finally, BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.36.

Capri Price Performance

NYSE CPRI opened at $25.88 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri has a 12 month low of $18.70 and a 12 month high of $49.20. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -8.46, a PEG ratio of 5.20 and a beta of 2.06. The company’s 50 day moving average is $22.56 and its two-hundred day moving average is $29.68.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, research analysts anticipate that Capri will post 1.65 earnings per share for the current year.

Institutional Trading of Capri

Several hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in Capri during the third quarter worth approximately $42,000. Quarry LP bought a new position in shares of Capri during the 3rd quarter valued at approximately $53,000. KBC Group NV raised its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after buying an additional 1,965 shares during the period. CWM LLC lifted its position in Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares during the period. 84.34% of the stock is currently 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.