Capri Holdings Limited (NYSE:CPRI) Receives Average Recommendation of “Hold” from Analysts

Capri Holdings Limited (NYSE:CPRI) has earned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.55.

A number of equities analysts recently weighed in on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Friday, January 10th. Barclays restated an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. Finally, Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, November 26th.

Capri Trading Up 0.1 %

Shares of CPRI stock opened at $23.80 on Friday. The company has a 50-day moving average of $21.68 and a two-hundred day moving average of $30.25. The firm has a market cap of $2.81 billion, a PE ratio of -7.78, a price-to-earnings-growth ratio of 5.01 and a beta of 2.06. Capri has a 1-year low of $18.70 and a 1-year high of $50.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Investors Weigh In On Capri

Several institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Capri in the third quarter valued at $42,000. Quarry LP purchased a new position in shares of Capri in the 3rd quarter valued at about $53,000. KBC Group NV raised its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after acquiring an additional 652 shares in the last quarter. CWM LLC lifted its stake in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.