Capri (NYSE:CPRI) Shares Gap Up After Analyst Upgrade

Capri Holdings Limited (NYSE:CPRI) shares gapped up before the market opened on Monday after JPMorgan Chase & Co. raised their price target on the stock from $15.00 to $19.00. The stock had previously closed at $21.36, but opened at $22.20. JPMorgan Chase & Co. currently has a neutral rating on the stock. Capri shares last traded at $22.61, with a volume of 1,511,228 shares traded.

A number of other brokerages have also recently commented on CPRI. Barclays restated an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. 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. Robert W. Baird cut their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Finally, TD Cowen dropped their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.90.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of CPRI. Sunbelt Securities Inc. acquired a new stake in Capri during the third quarter worth approximately $42,000. Quarry LP purchased a new stake in Capri in the third quarter valued at $53,000. Signaturefd LLC boosted its stake in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares in the last quarter. KBC Group NV grew its holdings in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the last quarter. Finally, CWM LLC increased its position in shares of Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Price Performance

The company has a fifty day moving average price of $26.83 and a two-hundred day moving average price of $32.06. The firm has a market capitalization of $2.62 billion, a PE ratio of -7.27, a P/E/G ratio of 4.63 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

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.