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

Capri Holdings Limited (NYSE:CPRI - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $19.73, but opened at $19.20. Capri shares last traded at $19.50, with a volume of 450,390 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Finally, Bank of America started coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.92.

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Capri Trading Down 3.5 %

The stock has a market capitalization of $1.71 billion, a PE ratio of -1.69, a price-to-earnings-growth 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 moving average price of $21.49 and a 200-day moving average price of $25.45.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Capri during the third quarter valued at about $42,000. Twin Tree Management LP bought a new stake in shares of Capri in the fourth quarter valued at approximately $45,000. Quarry LP bought a new position in Capri in the 3rd quarter worth approximately $53,000. Aster Capital Management DIFC Ltd purchased a new position in Capri in the 4th quarter valued at approximately $74,000. Finally, KBC Group NV raised its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after acquiring an additional 1,965 shares during the period. 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.