Jefferies Financial Group Issues Positive Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI) had its target price raised by Jefferies Financial Group from $20.00 to $23.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and increased their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Barclays restated an “equal weight” rating and set a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. Wells Fargo & Company raised their target price on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday. Telsey Advisory Group lowered their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. Finally, Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, November 26th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.36.

Capri Stock Up 1.3 %

CPRI stock opened at $25.67 on Tuesday. 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 company has a 50-day moving average of $22.33 and a two-hundred day moving average of $29.73. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -8.39, a price-to-earnings-growth ratio of 5.20 and a beta of 2.06. Capri has a 52-week low of $18.70 and a 52-week high of $49.43.

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

Institutional Trading of Capri

Several large investors have recently added to or reduced their stakes in CPRI. Primecap Management Co. CA boosted its holdings in shares of Capri by 14.2% in the 3rd 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 in the last quarter. Pacer Advisors Inc. raised its position in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. FMR LLC boosted its stake in Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Capri during the fourth quarter worth $48,953,000. Finally, Geode Capital Management LLC increased its stake in shares of Capri by 2.2% in the third 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 in the last quarter. 84.34% of the stock is owned by 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.