Guggenheim Upgrades Capri (NYSE:CPRI) to “Buy”

Capri (NYSE:CPRI) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $30.00 target price on the stock. Guggenheim’s price objective would indicate a potential upside of 27.44% from the stock’s previous close.

CPRI has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. 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. Barclays restated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. Finally, 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 research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Trading Up 3.1 %

Shares of NYSE CPRI opened at $23.54 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $31.78 and its two-hundred day moving average price is $33.31. Capri has a 52-week low of $18.70 and a 52-week high of $51.23. The stock has a market capitalization of $2.78 billion, a P/E ratio of -7.53, a PEG ratio of 4.59 and a beta of 2.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rule One Partners LLC bought a new stake in shares of Capri in the third quarter valued at about $2,483,000. Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth about $42,000. Geode Capital Management LLC raised its holdings in shares of Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares during the period. M&T Bank Corp lifted its stake in Capri by 21.5% in the 3rd quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock valued at $357,000 after purchasing an additional 1,488 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Capri during the third quarter worth approximately $3,804,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.