Capri (NYSE:CPRI – Free Report) had its price target cut by TD Cowen from $57.00 to $22.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a hold rating on the stock.
Other analysts have also issued research reports about the stock. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. Telsey Advisory Group cut 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. UBS Group decreased their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company lowered their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Capri has an average rating of “Hold” and a consensus price target of $28.88.
Read Our Latest Analysis on CPRI
Capri Trading Up 2.3 %
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Capri in the third quarter worth about $53,000. Bessemer Group Inc. increased its position in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. CWM LLC grew its holdings in Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the period. Finally, EMC Capital Management lifted its position in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Capri
- Profitably Trade Stocks at 52-Week Highs
- Warren Buffett, Cathie Wood Own Nu Holdings, Should You?
- Best Stocks Under $10.00
- MercadoLibre Down 23% After Missed Earnings: Time to Buy the Dip?
- Pros And Cons Of Monthly Dividend Stocks
- ORIC: Working with Two Pharma Giants, Analysts See +100% Upside
Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.