Capri (NYSE:CPRI) Given Buy Rating at Guggenheim

Capri (NYSE:CPRI)‘s stock had its “buy” rating reissued by research analysts at Guggenheim in a note issued to investors on Wednesday,Benzinga reports. They presently have a $30.00 price target on the stock. Guggenheim’s price objective would indicate a potential upside of 37.24% from the company’s previous close.

Several other brokerages also recently commented on CPRI. Barclays reduced their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Price Performance

Shares of NYSE:CPRI traded down $0.19 during midday trading on Wednesday, reaching $21.86. The company’s stock had a trading volume of 324,898 shares, compared to its average volume of 3,226,230. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $47.72. The company has a market capitalization of $2.58 billion, a P/E ratio of -2.56, a P/E/G ratio of 4.97 and a beta of 2.06. The business’s fifty day simple moving average is $22.57 and its 200-day simple moving average is $29.06.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business posted $1.20 earnings per share. As a group, equities research analysts expect that Capri will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth $42,000. Quarry LP acquired a new position in Capri in the 3rd quarter worth about $53,000. Twin Tree Management LP acquired a new position in Capri in the 4th quarter worth about $45,000. KBC Group NV increased its holdings in Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares in the last quarter. Finally, CWM LLC increased 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. 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.