Capri (NYSE:CPRI) Rating Increased to Buy at Guggenheim

Guggenheim upgraded shares of Capri (NYSE:CPRI - Free Report) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat Ratings reports. Guggenheim currently has $30.00 target price on the stock.

Other research analysts have also issued reports about the company. Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. StockNews.com lowered shares of Capri from a "hold" rating to a "sell" rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their price objective on shares of Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. UBS Group cut their price objective on shares of Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group decreased their target price on shares of 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 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.20.

Capri Stock Performance

Capri stock traded up $0.90 during mid-day trading on Tuesday, reaching $22.44. 4,197,250 shares of the company traded hands, compared to its average volume of 2,131,320. The firm's fifty day moving average is $32.13 and its two-hundred day moving average is $33.40. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 4.36 and a beta of 2.05. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. acquired a new position in Capri during the third quarter worth $42,000. Quarry LP acquired a new position in shares of Capri during the 3rd quarter worth about $53,000. Bessemer Group Inc. lifted its stake in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock valued at $60,000 after buying an additional 601 shares in the last quarter. EMC Capital Management boosted its holdings in 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 increased its stake in Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company's stock worth $81,000 after buying an additional 638 shares in the last quarter. 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.