Capri (NYSE:CPRI) Upgraded at Wall Street Zen

Capri (NYSE:CPRI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

Several other brokerages have also recently commented on CPRI. JPMorgan Chase & Co. dropped their target price on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Robert W. Baird decreased their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. UBS Group lifted their price target on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Bank of America started coverage on shares of Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 price target on the stock. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $20.00 target price (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Capri presently has an average rating of "Hold" and a consensus target price of $22.50.

Capri Stock Performance

Capri stock traded up $0.42 during midday trading on Friday, hitting $18.01. The company's stock had a trading volume of 4,311,679 shares, compared to its average volume of 3,355,963. The company has a 50-day moving average price of $16.12 and a two-hundred day moving average price of $19.90. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -2.11, a PEG ratio of 7.80 and a beta of 1.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri has a 1-year low of $11.86 and a 1-year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. Capri's quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, sell-side analysts predict that Capri will post 0.98 earnings per share for the current year.

Institutional Investors Weigh In On Capri

A number of hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Capri by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company's stock valued at $243,000 after buying an additional 667 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Capri by 0.3% in the first quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock valued at $5,355,000 after buying an additional 709 shares in the last quarter. Xponance Inc. lifted its stake in shares of Capri by 5.7% in the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock valued at $296,000 after buying an additional 757 shares in the last quarter. Finally, Investors Research Corp lifted its stake in shares of Capri by 3.8% in the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

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.