Capri (NYSE:CPRI) Rating Increased to Outperform at BMO Capital Markets

Capri (NYSE:CPRI) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday,Finviz reports. The firm currently has a $31.00 price objective on the stock, up from their prior price objective of $25.00. BMO Capital Markets’ price target suggests a potential upside of 52.86% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. 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, November 15th. TD Cowen reduced their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. UBS Group dropped their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Finally, Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.18.

Capri Stock Performance

Shares of CPRI opened at $20.28 on Monday. The stock has a 50 day moving average of $21.24 and a 200 day moving average of $30.88. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -6.63, a PEG ratio of 4.55 and a beta of 2.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPRI. FMR LLC raised its position in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of Capri in the 2nd quarter valued at about $33,080,000. DME Capital Management LP bought a new stake in shares of Capri during the 2nd quarter valued at about $22,652,000. Oddo BHF Asset Management Sas purchased a new position in shares of Capri during the third quarter worth about $25,888,000. Finally, Primecap Management Co. CA increased its position in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Hedge funds and other 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.