Capri Holdings Upgraded by Citigroup

On January 13, 2025, Citigroup announced an upgrade for shares of Capri (NYSE:CPRI) from a neutral outlook to a buy rating. This upgrade reflects their increased confidence in the company’s performance, setting a new price target of $29.00 per share, compared to the previous target of $21.00.

Several other analysts have also provided updates regarding Capri. Notable changes include BMO Capital Markets, which upgraded their rating from "market perform" to "outperform" with a revised price target of $31.00, up from $25.00. In contrast, Robert W. Baird has lowered their price target from $24.00 to $23.00 while maintaining a "neutral" rating. Telsey Advisory Group also cut their target from $26.00 to $23.00 and categorized Capri as a "market perform" stock. Meanwhile, Wells Fargo & Company moved from an "equal weight" to an "overweight" rating, increasing their price objective from $20.00 to $28.00.

Market responses to these ratings have shown mixed opinions, as TD Cowen reduced their price target significantly from $57.00 to $22.00 while maintaining a "hold" rating. Overall, one analyst has issued a sell rating, seven analysts have a hold rating, and four have a buy rating for Capri's shares. Data from MarketBeat indicates that the consensus rating is "Hold" with an average price target of $27.55.

Capri’s Stock Performance

As of the latest trading session, shares of Capri were valued at $23.72. The stock has experienced a low of $18.70 and a high of $51.23 over the last year. The company's 50-day simple moving average stands at $21.42, while its 200-day average is $30.55. Capri's market capitalization is approximately $2.80 billion, with a negative price-to-earnings ratio of -7.75. Other financial metrics include a debt-to-equity ratio of 0.83 and a current ratio of 0.93.

Institutional Investment Trends

Recent movements in institutional holdings reflect shifting strategies regarding Capri. For instance, Sunbelt Securities Inc. acquired new shares valued at around $42,000 in the third quarter. Similarly, Quarry LP made a new investment in shares worth approximately $53,000. KBC Group NV significantly increased its stake by 26.9%, holding 3,074 shares after acquiring additional ones. CWM LLC also boosted their position by 26.9% during the same period. As a result of these adjustments, hedge funds and other institutional investors now hold approximately 84.34% of Capri’s stock.

Company Overview

Capri Holdings Limited is known for its design, marketing, distribution, and retailing of branded apparel, footwear, and accessories for both men and women across various regions including the United States, Canada, Latin America, Europe, and Asia. The company operates under three primary segments: Versace, Jimmy Choo, and Michael Kors, providing a wide array of products through a robust distribution network that includes boutiques and e-commerce platforms.

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