Capri (NYSE:CPRI) Upgraded to Buy by StockNews.com

Capri (NYSE:CPRI – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Several other equities research analysts have also recently weighed in on CPRI. OTR Global cut Capri to a “positive” rating in a research note on Wednesday, January 26th. Zacks Investment Research cut Capri from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Tuesday, April 12th. Morgan Stanley upped their price target on Capri from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 8th. Wells Fargo & Company reduced their price target on Capri from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Finally, Sanford C. Bernstein started coverage on Capri in a research note on Monday, March 14th. They issued a “market perform” rating and a $55.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $77.21.

Shares of CPRI stock opened at $47.70 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 1.18. Capri has a fifty-two week low of $45.05 and a fifty-two week high of $72.37. The stock has a 50 day moving average price of $53.54 and a two-hundred day moving average price of $58.70. The company has a market capitalization of $7.04 billion, a P/E ratio of 13.21, a PEG ratio of 0.13 and a beta of 2.41.

Capri (NYSE:CPRI – Get Rating) last posted its earnings results on Wednesday, February 2nd. The company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.54. Capri had a return on equity of 34.22% and a net margin of 10.41%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The business’s revenue was up 23.6% compared to the same quarter last year. As a group, equities analysts predict that Capri will post 6 earnings per share for the current year.

In other Capri news, SVP Daniel Purefoy sold 1,950 shares of the company’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $50.80, for a total value of $99,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John D. Idol sold 72,397 shares of the company’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $70.39, for a total value of $5,096,024.83. The disclosure for this sale can be found here. In the last three months, insiders sold 86,438 shares of company stock worth $6,004,094. 2.70% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC purchased a new stake in shares of Capri during the fourth quarter worth about $27,000. Sageworth Trust Co of South Dakota purchased a new position in Capri during the 4th quarter valued at approximately $34,000. National Bank of Canada FI purchased a new position in Capri during the 4th quarter valued at approximately $43,000. UMB Bank N A MO purchased a new position in Capri during the 4th quarter valued at approximately $59,000. Finally, Marshall Wace LLP purchased a new position in Capri during the 1st quarter valued at approximately $69,000. Hedge funds and other institutional investors own 86.75% of the company’s stock.

Capri Company Profile (Get Rating)

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. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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