Capri (NYSE:CPRI) Shares Gap Up - Should You Buy?

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $21.36, but opened at $22.20. Capri shares last traded at $22.61, with a volume of 1,511,228 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CPRI shares. JPMorgan Chase & Co. upped their target price on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company cut their price target on Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, October 25th. Barclays reiterated an "equal weight" rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, November 15th. Finally, Telsey Advisory Group dropped their price target on Capri from $26.00 to $23.00 and set a "market perform" rating for the company in a research note on Friday, November 15th. One equities research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.90.

Capri Trading Up 3.7 %

The stock's 50 day moving average price is $27.24 and its 200-day moving average price is $32.15. The stock has a market capitalization of $2.61 billion, a P/E ratio of -7.50, a P/E/G ratio of 4.63 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Institutional Trading of Capri

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

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.