Capri (NYSE:CPRI) Receives "Equal Weight" Rating from Barclays

Capri (NYSE:CPRI - Get Free Report)'s stock had its "equal weight" rating reiterated by analysts at Barclays in a report issued on Wednesday, MarketBeat.com reports. They currently have a $21.00 price target on the stock. Barclays's target price suggests a potential upside of 4.66% from the stock's previous close.

Several other brokerages have also commented on CPRI. Robert W. Baird dropped their price target 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. StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research report on Friday, September 13th. JPMorgan Chase & Co. cut their price target on shares of Capri from $57.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Finally, Telsey Advisory Group decreased their price objective on Capri from $26.00 to $23.00 and set a "market perform" rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.00.

Capri Price Performance

Shares of CPRI stock traded up $0.02 during midday trading on Wednesday, reaching $20.07. 2,280,415 shares of the company were exchanged, compared to its average volume of 2,088,165. The company's 50 day moving average price is $33.62 and its two-hundred day moving average price is $33.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The company has a market cap of $2.37 billion, a P/E ratio of -6.55, a PEG ratio of 4.33 and a beta of 2.05. Capri has a 12 month low of $18.70 and a 12 month high of $51.23.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently made changes to their positions in CPRI. Sunbelt Securities Inc. acquired a new position in Capri in the third quarter valued at approximately $42,000. Quarry LP bought a new position in shares of Capri during the third quarter valued at about $53,000. Bessemer Group Inc. lifted its holdings in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock worth $60,000 after acquiring an additional 601 shares during the period. EMC Capital Management boosted its holdings in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company's stock worth $110,000 after buying an additional 596 shares during the last quarter. Finally, CWM LLC boosted its stake in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

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.