Capri (NYSE:CPRI) Shares Gap Up on Analyst Upgrade

Shares of Capri Holdings Limited (NYSE:CPRI) gapped up before the market opened on Monday after JPMorgan Chase & Co. raised their price target on the stock from $15.00 to $19.00. The stock had previously closed at $21.36, but opened at $22.20. JPMorgan Chase & Co. currently has a neutral rating on the stock. Capri shares last traded at $22.61, with a volume of 1,511,228 shares.

CPRI has been the topic of a number of other reports. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 26th. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Friday, September 13th. TD Cowen decreased their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Finally, Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and an average price target of $27.90.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Capri by 50.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after buying an additional 2,806 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Capri by 12.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $215,000 after acquiring an additional 705 shares during the last quarter. Calamos Advisors LLC raised its stake in Capri by 6.2% in the 2nd quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock valued at $21,810,000 after acquiring an additional 38,343 shares during the period. GAM Holding AG lifted its holdings in Capri by 20.0% during the 2nd quarter. GAM Holding AG now owns 18,000 shares of the company’s stock valued at $595,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Towerview LLC acquired a new stake in Capri during the 2nd quarter valued at $1,323,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Performance

The stock has a market capitalization of $2.62 billion, a P/E ratio of -7.27, a PEG ratio of 4.63 and a beta of 2.05. The stock’s 50-day simple moving average is $26.83 and its 200 day simple moving average is $32.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

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.