Wells Fargo & Company Boosts Capri (NYSE:CPRI) Price Target to $30.00

Capri (NYSE:CPRI) had its target price upped by research analysts at Wells Fargo & Company from $28.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 16.87% from the company’s previous close.

A number of other research analysts have also weighed in on CPRI. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, November 26th. Telsey Advisory Group dropped their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Barclays reiterated an “equal weight” rating and set a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. Robert W. Baird dropped their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus price target of $26.36.

Capri Stock Performance

Shares of NYSE:CPRI opened at $25.67 on Monday. The business’s 50 day moving average price is $22.33 and its 200-day moving average price is $29.73. Capri has a 1 year low of $18.70 and a 1 year high of $49.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The firm has a market capitalization of $3.03 billion, a PE ratio of -8.39, a P/E/G ratio of 5.20 and a beta of 2.06.

Capri (NYSE:CPRI) last released its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same period in the previous year, the company earned $1.13 EPS. As a group, equities research analysts expect that Capri will post 1.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Several hedge funds have recently bought and sold shares of CPRI. Algert Global LLC increased its stake in Capri by 22.4% during the second quarter. Algert Global LLC now owns 64,111 shares of the company’s stock worth $2,121,000 after purchasing an additional 11,741 shares during the period. Water Island Capital LLC increased its stake in Capri by 20.2% during the 2nd quarter. Water Island Capital LLC now owns 35,923 shares of the company’s stock worth $1,188,000 after buying an additional 6,037 shares during the period. Invst LLC lifted its holdings in Capri by 14.0% during the 2nd quarter. Invst LLC now owns 19,071 shares of the company’s stock worth $647,000 after buying an additional 2,346 shares in the last quarter. Regal Investment Advisors LLC boosted its position in Capri by 14.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 107,197 shares of the company’s stock valued at $3,546,000 after buying an additional 13,278 shares during the period. Finally, Truist Financial Corp acquired a new position in shares of Capri in the second quarter worth $429,000. Institutional investors and hedge funds 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.