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

Capri (NYSE:CPRI) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $28.00 price target on the stock, up from their previous price target of $20.00. Wells Fargo & Company‘s target price suggests a potential upside of 29.99% from the company’s previous close.

CPRI has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Telsey Advisory Group decreased their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, November 26th. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $31.00 in a report on Monday. Finally, Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.55.

Capri Stock Up 0.4 %

Shares of NYSE:CPRI opened at $21.54 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $21.35 and a two-hundred day simple moving average of $30.62. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -7.04, a PEG ratio of 4.55 and a beta of 2.06.

Institutional Trading of Capri

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in Capri in the third quarter worth approximately $42,000. Quarry LP bought a new position in Capri in the 3rd quarter worth $53,000. KBC Group NV raised its holdings in 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 purchasing an additional 652 shares during the period. CWM LLC lifted its position in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares during the period. 84.34% of the stock is currently 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.