Capri (NYSE:CPRI) Stock Rating Upgraded by BMO Capital Markets

Capri (NYSE:CPRI) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage presently has a $31.00 price target on the stock, up from their prior price target of $25.00. BMO Capital Markets’ price target would indicate a potential upside of 44.52% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Wells Fargo & Company cut their price target 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. Robert W. Baird decreased their price objective 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. TD Cowen dropped 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. Finally, Barclays reiterated an “equal weight” rating and set a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and an average price target of $28.18.

Capri Stock Performance

NYSE CPRI opened at $21.45 on Monday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -7.01, a PEG ratio of 4.55 and a beta of 2.06. The business’s 50 day moving average is $21.27 and its two-hundred day moving average is $30.74. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. 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

A number of institutional investors have recently made changes to their positions in CPRI. Blair William & Co. IL increased its position in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares in the last quarter. KBC Group NV grew 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 buying an additional 652 shares in the last quarter. CWM LLC raised its position in shares of 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 buying an additional 660 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Capri by 6.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,489 shares of the company’s stock valued at $347,000 after buying an additional 662 shares during the period. 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.