Capri (NYSE:CPRI) Receives “Buy” Rating from Guggenheim

Guggenheim reiterated their buy rating on shares of Capri (NYSE:CPRI) in a research note published on Wednesday morning,Benzinga reports. They currently have a $30.00 target price on the stock.

CPRI has been the topic of several other reports. Robert W. Baird decreased their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. TD Cowen decreased their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Wednesday, February 5th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Bank of America assumed coverage on Capri in a research report on Monday. They set a “neutral” rating and a $23.00 target price on the stock. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.92.

Capri Stock Up 2.6 %

CPRI stock opened at $22.63 on Wednesday. Capri has a twelve month low of $18.70 and a twelve month high of $47.72. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $22.55 and its 200-day moving average price is $28.93.

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

Hedge Funds Weigh In On Capri

Several hedge funds have recently bought and sold shares of CPRI. Sunbelt Securities Inc. purchased a new stake in shares of Capri in the 3rd quarter worth $42,000. Quarry LP purchased a new stake in shares of Capri in the 3rd quarter worth $53,000. Twin Tree Management LP purchased a new stake in shares of Capri in the 4th quarter worth $45,000. KBC Group NV lifted its holdings in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after buying an additional 652 shares during the period. Finally, CWM LLC lifted its holdings in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares during the period. Institutional investors own 84.34% of the company’s stock.

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.