Capri (NYSE:CPRI) Research Coverage Started at Bank of America

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

CPRI has been the subject of a number of other reports. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, November 26th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $31.00 in a report on Monday, January 6th. Jefferies Financial Group lifted their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird decreased 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. Finally, TD Cowen decreased their price target on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Trading Up 2.6 %

Shares of NYSE CPRI opened at $22.63 on Monday. Capri has a twelve month low of $18.70 and a twelve month high of $47.72. The company has a current ratio of 1.21, a quick ratio of 0.38 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $22.55 and a 200-day simple moving average of $28.93. The stock has a market capitalization of $2.67 billion, a PE ratio of -2.65, a PEG ratio of 4.97 and a beta of 2.06.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the previous year, the business earned $1.20 earnings per share. On average, equities analysts forecast that Capri will post 1.51 earnings per share for the current year.

Institutional Trading of Capri

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Capri in the 3rd quarter valued at about $42,000. Quarry LP purchased a new stake in shares of Capri in the 3rd quarter valued at about $53,000. Twin Tree Management LP acquired a new position in Capri in the 4th quarter valued at about $45,000. KBC Group NV increased its position in Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares during the period. Finally, CWM LLC increased its position in Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after acquiring an additional 660 shares during the period. 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.