Capri (NYSE:CPRI) Given Buy Rating at Guggenheim

Guggenheim reissued their buy rating on shares of Capri (NYSE:CPRI - Free Report) in a research note released on Wednesday morning,Benzinga reports. Guggenheim currently has a $30.00 price objective on the stock.

CPRI has been the subject of several other research reports. Barclays cut their price target on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Wells Fargo & Company upped their price objective on Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and increased their target price for the company from $21.00 to $29.00 in a report on Friday, January 10th. Finally, Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Capri has a consensus rating of "Hold" and a consensus target price of $25.92.

Capri Stock Down 0.5 %

Shares of Capri stock traded down $0.11 during trading on Wednesday, reaching $22.52. The company's stock had a trading volume of 2,172,176 shares, compared to its average volume of 3,453,306. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -2.63, a P/E/G ratio of 4.97 and a beta of 2.06. Capri has a 1-year low of $18.70 and a 1-year high of $47.72. The company has a 50-day simple moving average of $22.57 and a two-hundred day simple moving average of $28.77.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the firm posted $1.20 EPS. As a group, equities analysts forecast that Capri will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Capri during the 3rd quarter valued at $224,000. Riverwater Partners LLC bought a new stake in shares of Capri in the 3rd quarter worth about $1,030,000. Senvest Management LLC bought a new stake in shares of Capri during the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA grew its position in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after buying an additional 515,963 shares during the last quarter. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Capri during the 3rd quarter valued at about $7,869,000. Institutional investors and hedge funds own 84.34% of the company's stock.

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.