Capri (NYSE:CPRI) Upgraded to Buy at Guggenheim

Guggenheim upgraded shares of Capri (NYSE:CPRI) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have $30.00 price objective on the stock.

A number of other brokerages have also issued reports on CPRI. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Citigroup lowered shares of 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. TD Cowen decreased 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. Robert W. Baird dropped their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group decreased their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Trading Up 5.9 %

NYSE:CPRI opened at $22.82 on Tuesday. The company has a market capitalization of $2.69 billion, a PE ratio of -7.27, a P/E/G ratio of 4.36 and a beta of 2.05. Capri has a 52-week low of $18.70 and a 52-week high of $51.23. The stock’s 50 day moving average price is $32.13 and its 200 day moving average price is $33.40. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPRI. Blair William & Co. IL boosted its position in shares of 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. Signaturefd LLC lifted its stake in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the period. Avior Wealth Management LLC boosted its holdings in 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. EMC Capital Management grew its position in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares in the last quarter. Hedge funds and other 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.