Capri (NYSE:CPRI) Upgraded by Guggenheim to “Buy” Rating

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

Other equities analysts have also issued research reports about the company. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. 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. TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Robert W. Baird lowered their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Telsey Advisory Group reduced 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus price target of $28.20.

Capri Stock Up 3.0 %

CPRI stock opened at $23.52 on Tuesday. The business has a 50 day moving average of $31.47 and a 200 day moving average of $33.24. The firm has a market cap of $2.77 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of 4.59 and a beta of 2.05. Capri has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Institutional Trading of Capri

Several large investors have recently modified their holdings of CPRI. Primecap Management Co. CA lifted its holdings in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. FMR LLC increased its position in shares of Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 41,009 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after buying an additional 68,081 shares during the last quarter. Finally, Baupost Group LLC MA bought a new stake in Capri during the second quarter valued at approximately $33,080,000. 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.