JPMorgan Chase & Co. Increases Capri (NYSE:CPRI) Price Target to $19.00

Capri (NYSE:CPRI) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $15.00 to $19.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 14.45% from the stock’s previous close.

A number of other brokerages have also recently weighed in on CPRI. 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 note on Friday, September 13th. Telsey Advisory Group lowered 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. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 26th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, UBS Group cut their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.90.

Capri Trading Up 0.3 %

CPRI opened at $22.21 on Monday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 4.63 and a beta of 2.05. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The business’s 50 day moving average is $26.83 and its two-hundred day moving average is $32.06. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPRI. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capri in the 3rd quarter worth approximately $224,000. Riverwater Partners LLC purchased a new stake in Capri during the third quarter worth $1,030,000. Senvest Management LLC acquired a new stake in Capri in the third quarter valued at $6,610,000. 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 valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Capri during the 3rd quarter worth $7,869,000. 84.34% of the stock is owned by hedge funds and other 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.