Capri (NYSE:CPRI) Sets New 52-Week Low - Time to Sell?

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $18.55 and last traded at $18.55, with a volume of 1213997 shares. The stock had previously closed at $19.65.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Wells Fargo & Company dropped their target price on Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 price target on shares of Capri in a report on Friday, November 1st. StockNews.com downgraded Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Finally, UBS Group reduced their price objective on Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.29.

Capri Trading Up 4.5 %

The firm has a market capitalization of $2.42 billion, a PE ratio of -6.71, a PEG ratio of 3.84 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average price of $34.87 and a two-hundred day moving average price of $34.28.

Hedge Funds Weigh In On Capri

Several hedge funds have recently bought and sold shares of CPRI. Swiss National Bank lifted its stake in Capri by 0.3% during the 1st quarter. Swiss National Bank now owns 229,500 shares of the company's stock worth $10,396,000 after acquiring an additional 600 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Capri in the 1st quarter valued at about $117,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Capri by 17.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company's stock valued at $7,312,000 after buying an additional 23,294 shares during the period. Chicago Capital Management LLC purchased a new position in shares of Capri in the 1st quarter valued at about $453,000. Finally, Aequim Alternative Investments LP boosted its stake in shares of Capri by 20.8% in the 1st quarter. Aequim Alternative Investments LP now owns 12,500 shares of the company's stock valued at $566,000 after buying an additional 2,153 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

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.