Capri Holdings Limited (NYSE:CPRI – Get Free Report) shares were down 4% on Thursday after UBS Group lowered their price target on the stock from $42.00 to $39.00. UBS Group currently has a neutral rating on the stock. Capri traded as low as $38.57 and last traded at $38.84. Approximately 1,373,797 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,304,383 shares. The stock had previously closed at $40.46.
A number of other brokerages have also recently commented on CPRI. Jefferies Financial Group lowered their target price on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Wells Fargo & Company cut their target price on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $42.00 price target on shares of Capri in a research note on Thursday, May 30th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $56.00 to $41.00 in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.40.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CPRI. Victory Capital Management Inc. grew its position in Capri by 206.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,954 shares of the company’s stock valued at $1,203,000 after acquiring an additional 16,135 shares during the period. Charles Schwab Investment Management Inc. increased its position in Capri by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,153,144 shares of the company’s stock worth $57,934,000 after purchasing an additional 25,105 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Capri in the fourth quarter valued at approximately $201,000. Moran Wealth Management LLC raised its holdings in Capri by 121.4% in the fourth quarter. Moran Wealth Management LLC now owns 42,736 shares of the company’s stock valued at $2,147,000 after buying an additional 23,436 shares during the period. Finally, Private Wealth Management Group LLC acquired a new position in Capri during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 84.34% of the company’s stock.
Capri Stock Down 3.0 %
The firm’s 50-day moving average price is $34.10 and its 200-day moving average price is $37.07. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -20.18, a price-to-earnings-growth ratio of 5.73 and a beta of 1.97.
Capri (NYSE:CPRI – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Sell-side analysts forecast that Capri Holdings Limited will post 2.12 earnings per share for the current fiscal year.
Capri Company Profile
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. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.