Capri (NYSE:CPRI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Capri (NYSE:CPRI) had its price target increased by Wells Fargo & Company from $16.00 to $18.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 2.83% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, August 4th. UBS Group reduced their price objective on Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Telsey Advisory Group reduced their price objective on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. Raymond James Financial upgraded Capri from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Friday, October 16th. Finally, The Goldman Sachs Group lowered their target price on Capri from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.93.

Capri Stock Down 0.8%

Shares of NYSE CPRI opened at $18.52 on Monday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.38 and a beta of 1.27. Capri has a 52 week low of $12.40 and a 52 week high of $28.26. The firm has a 50-day moving average price of $14.62 and a 200 day moving average price of $17.91. The company has a quick ratio of 0.50, a current ratio of 1.18 and a debt-to-equity ratio of 6.31.

Capri (NYSE:CPRI) last issued its earnings results on Friday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Capri had a net margin of 6.12% and a return on equity of 242.96%. The company had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $786.55 million. During the same period last year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Capri will post 2.20 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPRI. Oregon Public Employees Retirement Fund increased its stake in Capri by 3.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,500 shares of the company’s stock valued at $360,000 after purchasing an additional 856 shares during the last quarter. ARGA Investment Management LP lifted its position in Capri by 49.7% during the third quarter. ARGA Investment Management LP now owns 231,305 shares of the company’s stock worth $3,266,000 after buying an additional 76,760 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in Capri during the third quarter worth about $47,000. Evergreen Capital Management LLC acquired a new stake in Capri in the 3rd quarter worth about $195,000. Finally, Sterling Capital Management LLC boosted its stake in Capri by 804.7% in the 3rd quarter. Sterling Capital Management LLC now owns 3,818 shares of the company’s stock worth $54,000 after buying an additional 3,396 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.