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TD Cowen Cuts Capri (NYSE:CPRI) Price Target to $22.00

Capri logo with Retail/Wholesale background

Capri (NYSE:CPRI - Get Free Report) had its price target lowered by stock analysts at TD Cowen from $57.00 to $22.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price objective would suggest a potential upside of 4.76% from the company's previous close.

Several other brokerages also recently weighed in on CPRI. JPMorgan Chase & Co. cut their target price on shares of Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Telsey Advisory Group cut their target price on Capri from $26.00 to $23.00 and set a "market perform" rating on the stock in a research report on Friday. UBS Group reduced their target price on Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Finally, Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.88.

View Our Latest Stock Analysis on CPRI

Capri Stock Performance

NYSE CPRI traded up $0.48 on Friday, hitting $21.00. 5,898,896 shares of the company's stock were exchanged, compared to its average volume of 2,076,146. The firm's 50-day moving average price is $34.30 and its two-hundred day moving average price is $34.07. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -6.86, a P/E/G ratio of 3.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Institutional Trading of Capri

A number of hedge funds have recently made changes to their positions in CPRI. Swiss National Bank increased its position in shares of Capri by 0.3% during the first quarter. Swiss National Bank now owns 229,500 shares of the company's stock worth $10,396,000 after acquiring an additional 600 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Capri by 17.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company's stock valued at $7,312,000 after purchasing an additional 23,294 shares in the last quarter. Aequim Alternative Investments LP boosted its stake in shares of Capri by 20.8% during the 1st quarter. Aequim Alternative Investments LP now owns 12,500 shares of the company's stock valued at $566,000 after buying an additional 2,153 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock valued at $60,000 after buying an additional 601 shares during the last quarter. Finally, Natixis grew its position in shares of Capri by 71.6% during the first quarter. Natixis now owns 236,888 shares of the company's stock worth $10,731,000 after buying an additional 98,809 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

About Capri

(Get Free Report)

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.

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Analyst Recommendations for Capri (NYSE:CPRI)

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