Capri (NYSE:CPRI) Raised to “Overweight” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Capri (NYSE:CPRI) from an equal weight rating to an overweight rating in a report released on Friday morning, Marketbeat.com reports. Wells Fargo & Company currently has $28.00 target price on the stock, up from their prior target price of $20.00.

Several other equities analysts have also recently issued reports on CPRI. Telsey Advisory Group reduced their price target 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. Robert W. Baird dropped their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. TD Cowen lowered their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company 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 raised 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 research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Capri presently has an average rating of “Hold” and an average target price of $27.55.

Capri Stock Performance

Shares of CPRI stock opened at $23.72 on Friday. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 4.55 and a beta of 2.06. The stock has a fifty day moving average of $21.35 and a 200 day moving average of $30.62. Capri has a 52 week low of $18.70 and a 52 week 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.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently bought and sold shares of the business. Primecap Management Co. CA grew its stake in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares during the period. FMR LLC raised its stake in 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 buying an additional 2,274,149 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after buying an additional 41,009 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Capri by 4.5% in the 2nd 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 shares of Capri in the second quarter worth $33,080,000. 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.