Bank of America Begins Coverage on Capri (NYSE:CPRI)

Research analysts at Bank of America began coverage on shares of Capri (NYSE:CPRI) in a research report issued to clients and investors on Monday. The firm set a “neutral” rating and a $23.00 price target on the stock. Bank of America‘s target price points to a potential upside of 5.94% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Citigroup raised Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Wells Fargo & Company increased their price target on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Capri in a research note on Wednesday, February 5th. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.92.

Capri Stock Up 1.5 %

CPRI opened at $21.71 on Monday. The stock’s fifty day moving average is $22.60 and its 200-day moving average is $29.13. Capri has a one year low of $18.70 and a one year high of $47.80. The company has a market capitalization of $2.56 billion, a PE ratio of -2.54, a P/E/G ratio of 4.97 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.38 and a current ratio of 1.21.

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 analysts’ consensus estimates 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 quarter last year, the company earned $1.20 earnings per share. On average, equities analysts predict that Capri will post 1.51 EPS for the current fiscal year.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently bought and sold shares of CPRI. Truist Financial Corp bought a new position in Capri in the second quarter worth $429,000. CWM LLC grew its position in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Capri by 13,982.7% in the third quarter. Exchange Traded Concepts LLC now owns 21,124 shares of the company’s stock valued at $897,000 after buying an additional 20,974 shares in the last quarter. Creative Planning lifted its position in Capri by 18.0% during the 3rd quarter. Creative Planning now owns 21,061 shares of the company’s stock worth $894,000 after buying an additional 3,214 shares in the last quarter. Finally, Avaii Wealth Management LLC bought a new stake in Capri during the 3rd quarter worth about $290,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.