Capri (NYSE:CPRI) Upgraded by Guggenheim to “Buy” Rating

Capri (NYSE:CPRI) was upgraded by stock analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $30.00 price objective on the stock. Guggenheim’s price objective points to a potential upside of 27.44% from the company’s current price.

Other analysts also recently issued reports about the company. UBS Group dropped their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. TD Cowen cut their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company dropped their price target 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. Robert W. Baird lowered their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Telsey Advisory Group reduced their price target on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.20.

Capri Price Performance

Shares of NYSE:CPRI opened at $23.54 on Tuesday. The firm has a 50 day moving average of $31.78 and a 200-day moving average of $33.31. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. 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 market capitalization of $2.78 billion, a PE ratio of -7.53, a PEG ratio of 4.59 and a beta of 2.05.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter valued at approximately $42,000. Quarry LP bought a new stake in Capri during the third quarter valued at $53,000. Bessemer Group Inc. raised its holdings in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares in the last quarter. CWM LLC lifted its position in Capri by 35.2% during the second 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. Finally, Signaturefd LLC increased its holdings in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 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.