Capri (NYSE:CPRI) Shares Gap Up – Here’s What Happened

Shares of Capri Holdings Limited (NYSE:CPRI) gapped up prior to trading on Tuesday . The stock had previously closed at $21.54, but opened at $22.21. Capri shares last traded at $22.76, with a volume of 1,140,640 shares traded.

Analyst Ratings Changes

CPRI has been the topic of several research reports. 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 report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. Telsey Advisory Group dropped their target price 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. Finally, Robert W. Baird dropped their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Capri presently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The company has a market capitalization of $2.78 billion, a P/E ratio of -7.69, a P/E/G ratio of 4.59 and a beta of 2.05. The business’s fifty day simple moving average is $31.78 and its 200-day simple moving average is $33.31.

Institutional Trading of Capri

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new stake in Capri in the 3rd quarter valued at $42,000. Quarry LP bought a new stake in Capri in the 3rd quarter valued at $53,000. EMC Capital Management increased its holdings in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares during the last quarter. CWM LLC increased its holdings in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

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.