Capri (NYSE:CPRI) Hits New 12-Month Low - Time to Sell?

Capri Holdings Limited (NYSE:CPRI - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $13.57 and last traded at $13.68, with a volume of 708427 shares trading hands. The stock had previously closed at $14.99.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $21.00 to $29.00 in a report on Friday, January 10th. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Bank of America began coverage on shares of Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 target price on shares of Capri in a research report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Capri has a consensus rating of "Hold" and an average price target of $25.92.

Capri Price Performance

The firm has a market cap of $1.92 billion, a P/E ratio of -1.88, a PEG ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $24.80.

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Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the company posted $1.20 EPS. As a group, analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after buying an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock worth $82,196,000 after acquiring an additional 3,885,732 shares during the last quarter. Norges Bank acquired a new position in shares of Capri during the fourth quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Capri in the 4th quarter valued at approximately $48,953,000. Finally, Junto Capital Management LP acquired a new stake in Capri in the 4th quarter worth approximately $26,112,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

About Capri

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.