Capri (NYSE:CPRI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Capri (NYSE:CPRI) had its target price upped by research analysts at Wells Fargo & Company from $28.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 20.35% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. TD Cowen reduced their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Barclays restated an “equal weight” rating and issued a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. Finally, Citigroup raised Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.73.

Capri Trading Up 0.3 %

NYSE:CPRI opened at $24.93 on Monday. The firm has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $29.87. Capri has a one year low of $18.70 and a one year high of $49.43. The firm has a market cap of $2.94 billion, a P/E ratio of -8.15, a P/E/G ratio of 5.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period last year, the business posted $1.13 EPS. Equities analysts anticipate that Capri will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently modified their holdings of CPRI. Sunbelt Securities Inc. purchased a new position in Capri during the 3rd quarter worth approximately $42,000. Quarry LP purchased a new position in shares of Capri during the third quarter worth $53,000. KBC Group NV raised its holdings in shares of Capri by 26.9% during 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 last quarter. CWM LLC boosted its holdings in Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in 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 purchasing an additional 533 shares during the period. Institutional investors and hedge funds 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.