Capri (NYSE:CPRI) Upgraded by Wells Fargo & Company to “Overweight” Rating

Wells Fargo & Company upgraded shares of Capri (NYSE:CPRI) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning, MarketBeat reports. Wells Fargo & Company currently has $28.00 target price on the stock, up from their previous target price of $20.00.

A number of other research analysts have also weighed in on CPRI. Barclays reaffirmed an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. 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. Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, TD Cowen dropped their price target on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.55.

Capri Stock Up 10.3 %

CPRI opened at $23.72 on Friday. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The company has a market cap 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. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $21.35 and a 200 day moving average of $30.62.

Hedge Funds Weigh In On Capri

A number of large investors have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its holdings in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after acquiring an additional 350 shares during the period. Avior Wealth Management LLC grew its holdings 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 worth $171,000 after purchasing an additional 533 shares during the last quarter. KBC Group NV increased its stake in shares of 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 buying an additional 652 shares during the period. CWM LLC raised its holdings in Capri by 26.9% during the 3rd 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 last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Capri by 6.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,489 shares of the company’s stock valued at $347,000 after buying an additional 662 shares during the period. Hedge funds and other 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.