Capri (NYSE:CPRI) Price Target Cut to $22.00 by Analysts at TD Cowen

Capri (NYSE:CPRI) had its price objective dropped by equities researchers at TD Cowen from $57.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 4.76% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price 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. Robert W. Baird dropped their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Telsey Advisory Group dropped their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.88.

Capri Price Performance

CPRI opened at $21.00 on Friday. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.48 billion, a P/E ratio of -6.86, a PEG ratio of 3.84 and a beta of 2.05. The stock has a fifty day moving average of $34.30 and a 200-day moving average of $34.07.

Institutional Trading of Capri

Several large investors have recently made changes to their positions in CPRI. Blair William & Co. IL lifted its holdings in Capri by 5.8% in the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares during the last quarter. Signaturefd LLC lifted its stake 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 last quarter. Avior Wealth Management LLC boosted its holdings in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares during the period. EMC Capital Management boosted its holdings in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. Finally, Swiss National Bank grew its stake in Capri by 0.3% in the 1st quarter. Swiss National Bank now owns 229,500 shares of the company’s stock valued at $10,396,000 after buying an additional 600 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.