Capri (NYSE:CPRI) Given Buy Rating at Guggenheim

Capri (NYSE:CPRI)‘s stock had its “buy” rating restated by investment analysts at Guggenheim in a research report issued on Wednesday,Benzinga reports. They currently have a $30.00 price target on the stock. Guggenheim’s target price would indicate a potential upside of 37.24% from the stock’s previous close.

Several other brokerages have also commented on CPRI. JPMorgan Chase & Co. upped their target price on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Jefferies Financial Group upped their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Capri has a consensus rating of “Hold” and an average price target of $25.92.

Capri Trading Down 0.9 %

Shares of NYSE CPRI traded down $0.19 during trading on Wednesday, reaching $21.86. The company had a trading volume of 324,898 shares, compared to its average volume of 3,226,230. The company’s fifty day moving average price is $22.57 and its 200-day moving average price is $29.06. Capri has a 12 month low of $18.70 and a 12 month high of $47.72. The stock has a market cap of $2.58 billion, a P/E ratio of -2.56, a PEG ratio of 4.97 and a beta of 2.06. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, research analysts expect that Capri will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter valued at approximately $42,000. Quarry LP bought a new position in shares of Capri in the third quarter valued at approximately $53,000. Twin Tree Management LP bought a new stake in Capri during the fourth quarter worth $45,000. KBC Group NV lifted its holdings in 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 acquiring an additional 652 shares during the period. Finally, CWM LLC lifted its holdings in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares during the period. Institutional investors own 84.34% of the company’s stock.

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.