Capri (NYSE:CPRI) Given New $31.00 Price Target at JPMorgan Chase & Co.

Capri (NYSE:CPRI) had its price objective lifted by JPMorgan Chase & Co. from $30.00 to $31.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the stock. Citigroup upgraded shares of Capri from a “buy” rating to a “mixed” rating in a research report on Tuesday, January 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research report on Tuesday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Capri from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company cut their target price on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, BTIG Research restated a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Capri presently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Trading Up 1.0%

Shares of Capri stock opened at $20.07 on Monday. The firm has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $21.97. The company has a market cap of $2.39 billion, a P/E ratio of -4.71, a price-to-earnings-growth ratio of 0.31 and a beta of 1.46. Capri has a fifty-two week low of $13.00 and a fifty-two week high of $28.26. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.84 million. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. As a group, equities analysts predict that Capri will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Capri

In related news, CEO John D. Idol purchased 55,000 shares of Capri stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the transaction, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Capri during the 3rd quarter valued at about $39,000. Quantbot Technologies LP purchased a new stake in Capri during the 2nd quarter valued at about $39,000. Hantz Financial Services Inc. grew its stake in Capri by 167.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after acquiring an additional 1,691 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Capri by 273.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Capri during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.