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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CPRI shares. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, November 26th. TD Cowen decreased their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $31.00 in a report on Monday. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $28.00 in a report on Friday. Finally, Telsey Advisory Group reduced their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capri presently has an average rating of “Hold” and a consensus price target of $27.55.

Capri Trading Up 8.3 %

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 firm has a 50-day moving average of $21.35 and a two-hundred day moving average of $30.62. The firm has a market capitalization of $2.75 billion, a P/E ratio of -7.61, a P/E/G ratio of 4.55 and a beta of 2.06.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after buying an additional 2,274,149 shares during the period. Baupost Group LLC MA acquired a new stake in shares of Capri during the second quarter worth $33,080,000. DME Capital Management LP acquired a new position in Capri in the second quarter valued at $22,652,000. Oddo BHF Asset Management Sas bought a new stake in Capri during the third quarter valued at $25,888,000. Finally, Primecap Management Co. CA grew its holdings in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares during the period. 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.