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

Key Points

• Capri Holdings has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the stock.
• The consensus target price for Capri is currently $23.33, with analysts giving an average rating of "Hold" based on multiple recent assessments.
• Capri reported $0.50 earnings per share for its latest quarter, significantly surpassing analysts' anticipated earnings of $0.13, although its revenue decreased 6% year-over-year.

Capri (NYSE:CPRI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Telsey Advisory Group reiterated a "market perform" rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Wells Fargo & Company reduced their price target 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 reduced their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group boosted their price target on shares of Capri from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $24.08.

Capri Trading Up 8.4%

Capri stock traded up $1.65 during mid-day trading on Friday, hitting $21.27. The company's stock had a trading volume of 2,553,136 shares, compared to its average volume of 3,678,083. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -2.27, a price-to-earnings-growth ratio of 0.41 and a beta of 1.72. The business has a 50 day moving average price of $18.38 and a 200-day moving average price of $18.71. Capri has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. The firm had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, analysts forecast that Capri will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Capri

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,266 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri in the 1st quarter worth $30,000. Banque Cantonale Vaudoise purchased a new position in shares of Capri during the 1st quarter worth about $29,000. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 1,020 shares during the period. Finally, Fifth Third Bancorp boosted its position in Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after buying an additional 1,365 shares during the period. Hedge funds and other institutional investors 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.