Capri (NYSE:CPRI) Price Target Lowered to $22.00 at TD Cowen

Capri (NYSE:CPRI) had its target price reduced by TD Cowen from $57.00 to $22.00 in a report published on Friday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other analysts have also issued reports about the company. Robert W. Baird cut their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company cut their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Friday, September 13th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. cut their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.88.

Capri Stock Performance

Shares of CPRI stock opened at $20.61 on Friday. The business’s 50-day moving average price is $34.30 and its 200-day moving average price is $34.07. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -6.72, a PEG ratio of 4.33 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.

Hedge Funds Weigh In On Capri

Several institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new position in shares of Capri during the 3rd quarter valued at $42,000. Quarry LP purchased a new position in shares of Capri during the 3rd quarter valued at $53,000. Bessemer Group Inc. lifted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the last quarter. CWM LLC lifted its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

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.