Capri (NYSE:CPRI) Upgraded at Citigroup

Capri (NYSE:CPRI) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $29.00 target price on the stock, up from their prior target price of $21.00. Citigroup’s price target indicates a potential upside of 22.26% from the company’s current price.

Several other equities analysts also recently commented on CPRI. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Friday. 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. Barclays reiterated an “equal weight” rating and set a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, November 26th. Finally, TD Cowen decreased their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.55.

Capri Stock Up 10.3 %

Shares of NYSE:CPRI opened at $23.72 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of -7.75, a price-to-earnings-growth ratio of 4.55 and a beta of 2.06. The business has a 50 day simple moving average of $21.42 and a two-hundred day simple moving average of $30.56. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. 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 Trading of Capri

Several hedge funds and other institutional investors have recently bought and sold shares of CPRI. Sunbelt Securities Inc. bought a new position in shares of Capri in the 3rd quarter worth $42,000. Quarry LP purchased a new position in Capri in the third quarter valued at about $53,000. KBC Group NV raised its holdings in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC lifted its position in shares of Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in 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.