Capri (NYSE:CPRI) Upgraded at BMO Capital Markets

Capri (NYSE:CPRI) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday,Finviz reports. The brokerage currently has a $31.00 price target on the stock, up from their previous price target of $25.00. BMO Capital Markets’ target price would suggest a potential upside of 52.86% from the stock’s previous close.

A number of other brokerages have also recently commented on CPRI. Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. UBS Group lowered their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. TD Cowen reduced their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Finally, Robert W. Baird lowered their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.18.

Capri Trading Down 1.6 %

Shares of CPRI stock opened at $20.28 on Monday. 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 firm has a market cap of $2.39 billion, a P/E ratio of -6.63, a price-to-earnings-growth ratio of 4.55 and a beta of 2.06. The business has a 50-day moving average price of $21.24 and a two-hundred day moving average price of $30.88. Capri has a 12-month low of $18.70 and a 12-month high of $51.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPRI. Sunbelt Securities Inc. purchased a new position in shares of Capri during the third quarter valued at approximately $42,000. Quarry LP bought a new stake in Capri in the third quarter valued at $53,000. KBC Group NV increased its position in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. CWM LLC raised its holdings in Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the period. 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.