Capri (NYSE:CPRI) Trading 7.5% Higher – Still a Buy?

Capri Holdings Limited (NYSE:CPRI) shot up 7.5% on Friday . The company traded as high as $23.17 and last traded at $23.13. 1,341,243 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,203,010 shares. The stock had previously closed at $21.51.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 26th. Telsey Advisory Group reduced their price target 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. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a research report on Friday. Barclays reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Capri in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.55.

Capri Trading Up 8.3 %

The company has a market capitalization of $2.75 billion, a P/E ratio of -7.61, a PEG ratio of 4.55 and a beta of 2.06. 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 business’s 50-day moving average price is $21.35 and its two-hundred day moving average price is $30.62.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently bought and sold shares of CPRI. Sunbelt Securities Inc. bought a new position in shares of Capri in the 3rd quarter valued at about $42,000. Quarry LP bought a new position in Capri during the third quarter worth about $53,000. KBC Group NV increased its position in 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 last quarter. CWM LLC raised its stake in Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after buying an additional 660 shares during the period. 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 valued at $171,000 after buying an additional 533 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

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.