Capri (NYSE:CPRI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Capri (NYSE:CPRI – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating and issued a $55.00 target price (down from $58.00) on shares of Capri in a research note on Thursday, February 9th. JPMorgan Chase & Co. upped their price target on Capri from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 23rd. TheStreet upgraded Capri from a “c+” rating to a “b-” rating in a research report on Friday, February 10th. Cowen lowered Capri from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $55.00 in a research note on Monday, February 13th. Finally, Cowen lowered Capri from an “outperform” rating to a “market perform” rating and cut their target price for the company from $70.00 to $55.00 in a research note on Monday, February 13th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.07.

Capri Trading Up 3.5 %

Shares of CPRI stock opened at $40.45 on Thursday. Capri has a twelve month low of $36.40 and a twelve month high of $69.25. The firm has a 50-day moving average price of $42.49 and a 200 day moving average price of $51.12. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.04 and a beta of 2.27.

Hedge Funds Weigh In On Capri

Several institutional investors have recently bought and sold shares of the company. AlphaCrest Capital Management LLC lifted its position in shares of Capri by 65.6% during the first quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock worth $375,000 after acquiring an additional 2,888 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Capri during the first quarter valued at about $4,352,000. Dimensional Fund Advisors LP grew its stake in shares of Capri by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock valued at $112,981,000 after buying an additional 102,439 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of Capri during the first quarter valued at about $271,000. Finally, Pearl River Capital LLC bought a new position in shares of Capri during the first quarter valued at about $227,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

About Capri

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.