Capri (NYSE:CPRI) Stock Price Up 6.6%

Capri Holdings Ltd (NYSE:CPRI)’s stock price rose 6.6% on Wednesday . The company traded as high as $37.26 and last traded at $37.16, approximately 3,204,727 shares were traded during trading. An increase of 14% from the average daily volume of 2,801,722 shares. The stock had previously closed at $34.85.

CPRI has been the subject of several recent analyst reports. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 6th. ValuEngine cut shares of Capri from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Evercore ISI set a $50.00 target price on shares of Capri and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Capri from a “hold” rating to a “sell” rating and set a $33.00 target price for the company. in a research report on Thursday, September 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price (down previously from $54.00) on shares of Capri in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.00.

The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.48. The stock has a market cap of $5.63 billion, a P/E ratio of 7.48, a PEG ratio of 1.42 and a beta of 0.87. The firm’s 50-day simple moving average is $34.32 and its 200 day simple moving average is $33.15.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.09). Capri had a return on equity of 28.91% and a net margin of 6.04%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts anticipate that Capri Holdings Ltd will post 4.89 EPS for the current year.

Several institutional investors have recently bought and sold shares of CPRI. ARGA Investment Management LP boosted its holdings in shares of Capri by 3,411.0% in the third quarter. ARGA Investment Management LP now owns 3,791,557 shares of the company’s stock valued at $125,728,000 after acquiring an additional 3,683,565 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Capri by 53.7% in the second quarter. Invesco Ltd. now owns 9,323,185 shares of the company’s stock valued at $323,328,000 after acquiring an additional 3,257,281 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Capri by 3,957.3% in the second quarter. Nuveen Asset Management LLC now owns 2,535,439 shares of the company’s stock valued at $87,929,000 after acquiring an additional 2,472,948 shares in the last quarter. Phoenix Holdings Ltd. bought a new position in shares of Capri in the third quarter valued at approximately $20,717,000. Finally, Prudential Financial Inc. boosted its holdings in shares of Capri by 326.1% in the second quarter. Prudential Financial Inc. now owns 559,526 shares of the company’s stock valued at $19,404,000 after acquiring an additional 428,215 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Capri Company Profile (NYSE:CPRI)

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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