Capri (NYSE:CPRI) Trading 7.1% Higher - Still a Buy?

Capri Holdings Limited (NYSE:CPRI - Get Free Report) traded up 7.1% on Wednesday . The company traded as high as $13.11 and last traded at $13.37. 3,362,747 shares were traded during mid-day trading, a decline of 13% from the average session volume of 3,886,289 shares. The stock had previously closed at $12.48.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research analyst reports. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. BMO Capital Markets raised shares of Capri from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Telsey Advisory Group decreased their target price on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Friday. Jefferies Financial Group increased their price objective on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.08.

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Capri Stock Performance

The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -1.68, a PEG ratio of 7.80 and a beta of 1.77. The firm has a 50 day simple moving average of $20.00 and a 200-day simple moving average of $24.16.

Capri (NYSE:CPRI - Get Free Report) last issued 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the previous year, the business earned $1.20 earnings per share. As a group, analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Capri by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after purchasing an additional 151,866 shares during the period. Norges Bank purchased a new stake in Capri during the 4th quarter worth approximately $58,070,000. Primecap Management Co. CA lifted its holdings in Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after buying an additional 547,578 shares in the last quarter. Geode Capital Management LLC boosted its position in Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock valued at $82,446,000 after buying an additional 41,009 shares during the period. Finally, Rule One Partners LLC purchased a new position in Capri in the 3rd quarter valued at approximately $2,483,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.