Capri (NYSE:CPRI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Capri (NYSE:CPRI) had its target price upped by stock analysts at Wells Fargo & Company from $16.00 to $18.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 2.83% from the stock’s current price.

Several other research firms also recently commented on CPRI. Barclays reduced their price objective on Capri from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Raymond James Financial upgraded Capri from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Friday, October 16th. Telsey Advisory Group dropped their target price on Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, August 6th. BTIG Research cut their price target on Capri from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.93.

Capri Trading Down 0.8%

NYSE CPRI opened at $18.52 on Monday. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.50 and a current ratio of 1.18. The firm has a market cap of $2.11 billion, a PE ratio of 10.47, a P/E/G ratio of 0.38 and a beta of 1.27. Capri has a one year low of $12.40 and a one year high of $28.26. The firm’s fifty day moving average is $14.62 and its two-hundred day moving average is $17.91.

Capri (NYSE:CPRI) last announced its earnings results on Friday, October 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Capri had a net margin of 6.12% and a return on equity of 242.96%. The business had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $786.55 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. Analysts expect that Capri will post 2.20 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC increased its position in Capri by 92.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock worth $48,186,000 after purchasing an additional 1,314,611 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Capri by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after buying an additional 557,955 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in shares of Capri during the 1st quarter worth approximately $23,784,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Capri by 15.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 640,980 shares of the company’s stock valued at $11,518,000 after buying an additional 86,361 shares during the period. Finally, SummitTX Capital L.P. lifted its holdings in shares of Capri by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 569,054 shares of the company’s stock valued at $10,027,000 after buying an additional 392,517 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.