Capri (NYSE:CPRI) Stock Rating Upgraded by BMO Capital Markets

Capri (NYSE:CPRI) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat reports. The brokerage presently has a $31.00 target price on the stock, up from their prior target price of $25.00. BMO Capital Markets’ price target would indicate a potential upside of 44.52% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Barclays reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. Telsey Advisory Group dropped their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Wells Fargo & Company reduced their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.18.

Capri Stock Down 2.0 %

CPRI opened at $21.45 on Monday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -7.01, a price-to-earnings-growth ratio of 4.55 and a beta of 2.06. Capri has a 12 month low of $18.70 and a 12 month 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. The business has a 50-day moving average of $21.27 and a two-hundred day moving average of $30.74.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new stake in shares of Capri during the third quarter worth about $42,000. Quarry LP acquired a new stake in Capri during the 3rd quarter valued at approximately $53,000. KBC Group NV increased its holdings in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the last quarter. CWM LLC raised its position in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake 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 valued at $171,000 after buying an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Capri

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.