Capri (NYSE:CPRI) Lifted to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Capri (NYSE:CPRI) from an equal weight rating to an overweight rating in a report released on Tuesday morning, MarketBeat reports. Wells Fargo & Company currently has $43.00 target price on the stock, down from their previous target price of $57.00.

Several other equities analysts have also recently weighed in on the company. Citigroup upgraded Capri from a neutral rating to a buy rating and cut their price target for the company from $56.00 to $41.00 in a report on Monday, June 17th. StockNews.com started coverage on Capri in a report on Saturday, April 13th. They issued a hold rating for the company. Telsey Advisory Group reiterated a market perform rating and issued a $42.00 target price on shares of Capri in a report on Thursday, May 30th. OTR Global reiterated a mixed rating on shares of Capri in a report on Wednesday, April 17th. Finally, Jefferies Financial Group dropped their target price on Capri from $57.00 to $38.00 and set a hold rating for the company in a report on Thursday, May 30th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $47.75.

Capri Stock Up 0.5 %

NYSE CPRI opened at $32.48 on Tuesday. The stock’s 50-day moving average price is $34.48 and its 200-day moving average price is $42.77. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri has a 52 week low of $30.79 and a 52 week high of $54.52. The company has a market capitalization of $3.79 billion, a P/E ratio of -16.49, a price-to-earnings-growth ratio of 3.23 and a beta of 2.00.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.30). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, equities research analysts predict that Capri will post 3.45 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Wealth Management Group LLC bought a new position in shares of Capri in the 4th quarter worth $25,000. Quent Capital LLC raised its position in shares of Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock worth $51,000 after acquiring an additional 708 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares in the last quarter. Vima LLC bought a new position in shares of Capri in the 4th quarter worth $70,000. Finally, U S Global Investors Inc. bought a new position in shares of Capri in the 4th quarter worth $75,000. 84.34% of the stock is owned by 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.