Capri (NYSE:CPRI) Upgraded at Guggenheim

Guggenheim upgraded shares of Capri (NYSE:CPRI) from a neutral rating to a buy rating in a report issued on Tuesday morning, Marketbeat reports. The brokerage currently has $30.00 price objective on the stock.

Several other analysts have also recently issued reports on CPRI. Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company reduced their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. Barclays reiterated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.20.

Capri Trading Down 0.5 %

Shares of CPRI stock opened at $23.41 on Tuesday. Capri has a 1-year low of $18.70 and a 1-year high of $51.23. The firm has a market cap of $2.76 billion, a PE ratio of -7.65, a price-to-earnings-growth ratio of 5.01 and a beta of 2.05. The company has a 50-day moving average of $30.87 and a two-hundred day moving average of $33.09. 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 Investors Weigh In On Capri

Large investors have recently modified their holdings of the stock. Primecap Management Co. CA increased its stake in shares of Capri by 14.2% during 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 increased its position in Capri by 389.2% during the 3rd 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 during the period. Geode Capital Management LLC raised its stake 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 worth $82,446,000 after buying an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $52,514,000 after buying an additional 68,081 shares during the period. Finally, Baupost Group LLC MA purchased a new stake in shares of Capri in the second quarter valued at approximately $33,080,000. Hedge funds and other 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.