Capri (NYSE:CPRI) Given New $19.00 Price Target at JPMorgan Chase & Co.

Capri (NYSE:CPRI - Free Report) had its price objective raised by JPMorgan Chase & Co. from $15.00 to $19.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

CPRI has been the subject of several other reports. TD Cowen reduced their price objective on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, November 15th. Barclays reiterated an "equal weight" rating and issued a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Tuesday, November 26th. Finally, StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.90.

Capri Price Performance

CPRI stock traded up $0.79 on Monday, hitting $22.15. 7,535,432 shares of the company's stock traded hands, compared to its average volume of 2,228,049. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -7.50, a P/E/G ratio of 4.63 and a beta of 2.05. Capri has a 1-year low of $18.70 and a 1-year high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average of $27.24 and a 200-day moving average of $32.15.

Institutional Investors Weigh In On Capri

Large investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company's stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the last quarter. Baupost Group LLC MA acquired a new position in Capri during the second quarter worth $33,080,000. DME Capital Management LP bought a new position in Capri during the second quarter valued at about $22,652,000. Oddo BHF Asset Management Sas bought a new position in Capri during the third quarter valued at about $25,888,000. Finally, 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 worth $175,734,000 after buying an additional 515,963 shares during the last quarter. 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.