Capri (NYSE:CPRI) Shares Gap Up on Analyst Upgrade

Capri Holdings Limited (NYSE:CPRI) shares gapped up prior to trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $15.00 to $19.00. The stock had previously closed at $21.36, but opened at $22.20. JPMorgan Chase & Co. currently has a neutral rating on the stock. Capri shares last traded at $22.61, with a volume of 1,511,228 shares trading hands.

A number of other brokerages have also recently weighed in on CPRI. UBS Group lowered their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Robert W. Baird lowered 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. Wells Fargo & Company dropped their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Barclays reiterated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average price target of $27.90.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of Capri in the 3rd quarter valued at about $42,000. Quarry LP acquired a new position in Capri during the third quarter valued at approximately $53,000. Signaturefd LLC increased its stake in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares in the last quarter. 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 during the period. Finally, CWM LLC boosted 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 worth $132,000 after purchasing an additional 660 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Up 0.3 %

The company has a market cap of $2.62 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 4.63 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average price is $26.83 and its 200-day moving average price is $32.06.

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.