Capri (NYSE:CPRI) Shares Up 7.5% – What’s Next?

Shares of Capri Holdings Limited (NYSE:CPRI) rose 7.5% during trading on Friday . The company traded as high as $23.17 and last traded at $23.13. Approximately 1,341,243 shares were traded during trading, a decline of 39% from the average daily volume of 2,203,010 shares. The stock had previously closed at $21.51.

Analyst Ratings Changes

CPRI has been the subject of a number of recent research reports. Wells Fargo & Company upgraded shares of Capri from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Telsey Advisory Group decreased their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capri has an average rating of “Hold” and an average target price of $27.55.

Capri Price Performance

The firm’s 50-day moving average is $21.42 and its 200-day moving average is $30.56. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.80 billion, a PE ratio of -7.75, a price-to-earnings-growth ratio of 4.55 and a beta of 2.06.

Hedge Funds Weigh In On Capri

A number of large investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Capri during the third quarter valued at approximately $42,000. Quarry LP purchased a new position in Capri in the 3rd quarter worth $53,000. KBC Group NV lifted its stake in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the last quarter. CWM LLC boosted its position in Capri by 26.9% during 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 grew its stake in shares of Capri by 15.2% during 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. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.