Capri (NYSE:CPRI) Given New $22.00 Price Target at TD Cowen

Capri (NYSE:CPRI) had its target price cut by stock analysts at TD Cowen from $57.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 5.97% from the stock’s previous close.

A number of other research firms have also recently commented on CPRI. Telsey Advisory Group reduced their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday. UBS Group reduced their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company cut their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. Finally, Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $28.88.

Capri Stock Up 1.2 %

CPRI stock traded up $0.24 during mid-day trading on Friday, reaching $20.76. The company had a trading volume of 2,541,236 shares, compared to its average volume of 2,060,439. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -6.79, a PEG ratio of 3.84 and a beta of 2.05. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The stock has a 50 day simple moving average of $34.87 and a two-hundred day simple moving average of $34.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Trading of Capri

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares in the last quarter. CWM LLC increased its position in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares during the last quarter. Signaturefd LLC raised its stake in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the period. EMC Capital Management lifted its stake in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after acquiring an additional 3,492 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.