Capri’s (CPRI) “Buy” Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Capri (NYSE:CPRI) in a research report report published on Wednesday morning,Benzinga reports. Guggenheim currently has a $30.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America started coverage on shares of Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target on the stock. Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Capri in a report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.92.

Capri Stock Down 0.5 %

CPRI stock opened at $22.52 on Wednesday. The business has a 50 day moving average of $22.57 and a 200 day moving average of $28.81. The firm has a market cap of $2.66 billion, a PE ratio of -2.63, a price-to-earnings-growth ratio of 4.97 and a beta of 2.06. Capri has a twelve month low of $18.70 and a twelve month high of $47.72. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the company earned $1.20 EPS. On average, research analysts forecast that Capri will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new position in Capri during the third quarter valued at $42,000. Quarry LP bought a new position in shares of Capri in the third quarter worth about $53,000. Twin Tree Management LP purchased a new position in shares of Capri during the 4th quarter valued at about $45,000. KBC Group NV grew its stake in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares during the period. 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 acquiring an additional 660 shares in the last quarter. Institutional investors 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.