Capri (NYSE:CPRI) Shares Gap Up – Here’s What Happened

Capri Holdings Limited (NYSE:CPRI)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $21.54, but opened at $22.21. Capri shares last traded at $22.76, with a volume of 1,140,640 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CPRI shares. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. UBS Group lowered their price objective 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. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. decreased their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.20.

Capri Stock Up 3.1 %

The stock’s 50 day simple moving average is $31.78 and its two-hundred day simple moving average is $33.31. The firm has a market cap of $2.78 billion, a P/E ratio of -7.69, a P/E/G ratio of 4.59 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL grew its holdings in shares of Capri by 5.8% during the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after buying an additional 350 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares during the last quarter. EMC Capital Management grew its holdings in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares during the last quarter. 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.