Capri Holdings Limited (NYSE:CPRI - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $21.98, but opened at $23.89. Capri shares last traded at $23.72, with a volume of 1,505,791 shares changing hands.
Analyst Ratings Changes
Several equities analysts have recently issued reports on CPRI shares. Citigroup raised Capri from a "neutral" rating to a "buy" rating and boosted their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Guggenheim restated a "buy" rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. TD Cowen lowered their price objective 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, Robert W. Baird lowered their price target on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus target price of $25.92.
View Our Latest Research Report on Capri
Capri Price Performance
The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -2.74, a P/E/G ratio of 7.80 and a beta of 2.06. The firm has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $28.04. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.
Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (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 in the previous year, the company posted $1.20 EPS. As a group, analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Capri
Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in shares of Capri by 12.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company's stock worth $308,000 after purchasing an additional 775 shares during the period. US Bancorp DE raised its stake in shares of Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company's stock valued at $216,000 after acquiring an additional 3,167 shares during the period. Olympiad Research LP boosted its position in shares of Capri by 47.5% during the 3rd quarter. Olympiad Research LP now owns 41,864 shares of the company's stock worth $1,777,000 after purchasing an additional 13,482 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Capri by 3.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,049 shares of the company's stock valued at $2,379,000 after purchasing an additional 1,636 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after buying an additional 652 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Capri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capri wasn't on the list.
While Capri currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
