Capri (NYSE:CPRI) Shares Down 5.8% - Time to Sell?

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s share price dropped 5.8% during trading on Tuesday . The stock traded as low as $13.58 and last traded at $13.56. Approximately 1,845,361 shares changed hands during trading, a decline of 41% from the average daily volume of 3,122,576 shares. The stock had previously closed at $14.40.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group upped their price target on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Bank of America assumed coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective on the stock. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and increased their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Robert W. Baird cut their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.08.

Capri Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The company has a market capitalization of $1.62 billion, a P/E ratio of -1.61, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The firm has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $23.32.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the business earned $1.20 EPS. On average, research analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

Several institutional investors have recently bought and sold shares of CPRI. Arizona State Retirement System raised its holdings in shares of Capri by 1.8% in the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock valued at $720,000 after buying an additional 596 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after acquiring an additional 643 shares during the last quarter. Xponance Inc. lifted its position in shares of Capri by 5.7% during the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock worth $296,000 after purchasing an additional 757 shares in the last quarter. Investors Research Corp grew its stake in shares of Capri by 3.8% during the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after purchasing an additional 800 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors 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.