Lowers Capri (NYSE:CPRI) to Hold

Capri (NYSE:CPRIGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also issued reports on the company. Morgan Stanley boosted their target price on Capri from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. Zacks Investment Research downgraded shares of Capri from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a report on Tuesday, April 12th. UBS Group lifted their target price on shares of Capri from $99.00 to $107.00 in a research note on Thursday, February 3rd. Credit Suisse Group raised their price objective on shares of Capri from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, February 3rd. Finally, Sanford C. Bernstein began coverage on shares of Capri in a report on Monday, March 14th. They set a “market perform” rating and a $55.00 target price on the stock. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from, Capri currently has a consensus rating of “Buy” and an average price target of $77.33.

Shares of Capri stock traded up $1.69 on Friday, reaching $47.57. 2,373,267 shares of the company traded hands, compared to its average volume of 2,443,961. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.18 and a quick ratio of 0.62. The firm has a market capitalization of $7.02 billion, a PE ratio of 13.18, a PEG ratio of 0.12 and a beta of 2.30. The company has a 50 day moving average of $47.87 and a 200 day moving average of $56.92. Capri has a 52 week low of $36.90 and a 52 week high of $72.37.

In other Capri news, SVP Daniel Purefoy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $50.80, for a total value of $99,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CPRI. Counterpoint Mutual Funds LLC bought a new stake in Capri in the fourth quarter worth $27,000. Sageworth Trust Co of South Dakota bought a new position in shares of Capri in the fourth quarter worth approximately $34,000. National Bank of Canada FI purchased a new position in shares of Capri in the fourth quarter worth $43,000. Edmond DE Rothschild Holding S.A. bought a new stake in Capri during the 1st quarter valued at $51,000. Finally, UMB Bank N A MO purchased a new stake in Capri during the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 88.46% 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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