Capri (NYSE:CPRI) Stock Rating Upgraded by StockNews.com

Capri (NYSE:CPRI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

CPRI has been the subject of a number of other reports. Citigroup raised Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a report on Friday, January 10th. Robert W. Baird cut their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Capri in a report on Wednesday. Barclays dropped their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Capri presently has an average rating of “Hold” and a consensus price target of $26.18.

Capri Stock Performance

CPRI traded up $0.33 during trading on Friday, reaching $21.71. 3,255,700 shares of the company’s stock were exchanged, compared to its average volume of 3,383,680. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $47.80. 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 business has a 50 day moving average price of $22.63 and a 200 day moving average price of $29.28. The company has a market capitalization of $2.56 billion, a P/E ratio of -7.09, a PEG ratio of 5.76 and a beta of 2.06.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the prior year, the firm earned $1.20 EPS. As a group, analysts predict that Capri will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Several institutional investors and hedge funds have recently modified their holdings of the business. Primecap Management Co. CA grew its position in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares during the period. Pacer Advisors Inc. lifted its stake in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after acquiring an additional 3,885,732 shares in the last quarter. FMR LLC lifted its stake in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Capri in the 4th quarter valued at approximately $48,953,000. Finally, Geode Capital Management LLC lifted its stake in Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.