Capri (NYSE:CPRI) Raised to "Hold" at Wall Street Zen

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

CPRI has been the topic of a number of other research reports. UBS Group boosted their target price on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company lowered their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Robert W. Baird decreased their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Bank of America began coverage on Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 price target for the company. Finally, Barclays decreased their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capri presently has an average rating of "Hold" and a consensus price target of $22.50.

Capri Stock Performance

NYSE CPRI opened at $17.01 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of -1.99, a P/E/G ratio of 7.80 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri has a twelve month low of $11.86 and a twelve month high of $43.34. The stock has a fifty day simple moving average of $16.04 and a 200-day simple moving average of $19.95.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same quarter last year, the business earned $0.42 earnings per share. The business's revenue was down 15.4% compared to the same quarter last year. Equities analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after buying an additional 1,266 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Capri during the 1st quarter worth $30,000. Banque Cantonale Vaudoise acquired a new stake in Capri during the 1st quarter worth $29,000. UMB Bank n.a. raised its stake in Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after buying an additional 1,020 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Capri during the 4th quarter worth $45,000. 84.34% of the stock is currently owned by institutional investors.

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.

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