Barclays Reaffirms Equal Weight Rating for Capri (NYSE:CPRI)

Barclays reaffirmed their equal weight rating on shares of Capri (NYSE:CPRI) in a report released on Wednesday, Marketbeat reports. The firm currently has a $21.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Friday, September 13th. JPMorgan Chase & Co. cut their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Robert W. Baird decreased 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, StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.00.

Capri Price Performance

Shares of CPRI opened at $20.07 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The company has a market cap of $2.37 billion, a P/E ratio of -6.56, a PEG ratio of 4.33 and a beta of 2.05. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The stock has a fifty day moving average price of $33.62 and a 200 day moving average price of $33.85.

Hedge Funds Weigh In On Capri

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Capri in the 3rd quarter valued at approximately $42,000. Quarry LP acquired a new stake in shares of Capri in the third quarter worth $53,000. Bessemer Group Inc. increased its position in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares during the period. CWM LLC increased its position in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after acquiring an additional 638 shares during the period. Finally, Signaturefd LLC raised its stake in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. 84.34% of the stock is currently 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.