Capri (NYSE:CPRI) Given New $30.00 Price Target at Wells Fargo & Company

Capri (NYSE:CPRI) had its price objective upped by analysts at Wells Fargo & Company from $28.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 20.35% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Cowen lowered their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Barclays reissued an “equal weight” rating and set a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Robert W. Baird reduced their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $27.73.

Capri Price Performance

Shares of NYSE:CPRI opened at $24.93 on Monday. The company has a market capitalization of $2.94 billion, a P/E ratio of -8.15, a P/E/G ratio of 5.20 and a beta of 2.06. Capri has a 1-year low of $18.70 and a 1-year high of $49.43. The firm’s 50 day simple moving average is $22.12 and its two-hundred day simple moving average is $29.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.13 EPS. Research analysts expect that Capri will post 1.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. Pacer Advisors Inc. increased its stake in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after buying an additional 3,885,732 shares during the period. FMR LLC boosted its position in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after buying an additional 2,274,149 shares during the period. Geode Capital Management LLC grew its stake in Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after acquiring an additional 41,009 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Capri during the third quarter worth approximately $25,888,000. Institutional investors own 84.34% of the company’s stock.

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.