Capri (NYSE:CPRI) Sets New 52-Week Low After Analyst Downgrade

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) hit a new 52-week low during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $30.00 to $25.00. Wells Fargo & Company currently has an overweight rating on the stock. Capri traded as low as $11.86 and last traded at $16.38, with a volume of 15709168 shares traded. The stock had previously closed at $12.48.

A number of other equities analysts also recently weighed in on CPRI. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Barclays cut their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group dropped their price objective on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research note on Friday. Citigroup raised Capri from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.08.

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Institutional Trading of Capri

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new position in Capri during the third quarter worth about $42,000. Farther Finance Advisors LLC boosted its stake in shares of Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after buying an additional 1,266 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after acquiring an additional 1,020 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Capri during the fourth quarter valued at approximately $45,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Capri during the fourth quarter worth $74,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

The firm has a market cap of $1.64 billion, a PE ratio of -1.63, a PEG ratio of 7.80 and a beta of 1.77. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a 50-day simple moving average of $19.86 and a two-hundred day simple moving average of $23.99.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $1.20 EPS. As a group, equities research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current 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.