Capri (NYSE:CPRI) Stock Rating Upgraded by Wells Fargo & Company

Capri (NYSE:CPRI) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $43.00 target price on the stock, down from their prior target price of $57.00. Wells Fargo & Company‘s price objective suggests a potential upside of 33.17% from the company’s previous close.

A number of other brokerages have also recently commented on CPRI. Jefferies Financial Group decreased their price objective on Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 price target on shares of Capri in a research report on Thursday, May 30th. OTR Global restated a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and cut their target price for the stock from $56.00 to $41.00 in a report on Monday, June 17th. Finally, StockNews.com assumed coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $47.75.

Capri Trading Up 1.2 %

Shares of CPRI stock opened at $32.29 on Tuesday. Capri has a 12 month low of $30.79 and a 12 month high of $54.52. The company has a market cap of $3.77 billion, a PE ratio of -16.39, a price-to-earnings-growth ratio of 3.23 and a beta of 2.00. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $34.58 and its two-hundred day moving average is $42.84.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.30). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities analysts predict that Capri will post 3.45 EPS for the current year.

Institutional Trading of Capri

Hedge funds have recently bought and sold shares of the business. Invst LLC acquired a new position in Capri during the 1st quarter worth about $759,000. Swedbank AB acquired a new stake in shares of Capri during the first quarter worth about $8,401,000. EMC Capital Management boosted its stake in shares of Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares during the period. California State Teachers Retirement System grew its holdings in shares of Capri by 116.8% in the first quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock valued at $12,101,000 after purchasing an additional 143,899 shares in the last quarter. Finally, Kamunting Street Capital Management L.P. increased its stake in Capri by 143.9% during the 1st quarter. Kamunting Street Capital Management L.P. now owns 99,132 shares of the company’s stock worth $4,491,000 after buying an additional 58,484 shares during the period. Institutional investors and hedge funds 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.