Capri (NYSE:CPRI) Stock Rating Upgraded by Citigroup

Capri (NYSE:CPRI - Get Free Report) was upgraded by research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has a $29.00 price target on the stock, up from their previous price target of $21.00. Citigroup's price target suggests a potential upside of 22.26% from the stock's current price.

CPRI has been the topic of several other reports. Wells Fargo & Company upgraded Capri from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $20.00 to $28.00 in a report on Friday. Barclays reissued an "equal weight" rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $25.00 to $31.00 in a research report on Monday. Robert W. Baird reduced their price objective on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Finally, TD Cowen lowered their target price on shares of Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.55.

Capri Stock Up 10.3 %

Shares of NYSE CPRI traded up $2.21 during trading hours on Friday, hitting $23.72. The stock had a trading volume of 5,189,725 shares, compared to its average volume of 2,910,118. The firm's 50-day moving average price is $21.35 and its two-hundred day moving average price is $30.62. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a market capitalization of $2.80 billion, a P/E ratio of -7.75, a P/E/G ratio of 4.55 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Institutional Trading of Capri

Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in shares of Capri during the third quarter worth about $42,000. Quarry LP bought a new position in shares of Capri during the 3rd quarter worth approximately $53,000. KBC Group NV raised its holdings in shares of Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company's stock valued at $130,000 after purchasing an additional 652 shares during the last quarter. CWM LLC lifted its position in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after purchasing an additional 533 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

About Capri

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.