Capri (NYSE:CPRI) Rating Increased to Hold at Wall Street Zen

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

Several other brokerages have also recently issued reports on CPRI. JPMorgan Chase & Co. dropped their target price on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price objective (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. UBS Group boosted their target price on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. 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 report on Friday, April 11th. Finally, Robert W. Baird dropped their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Price Performance

NYSE CPRI opened at $18.17 on Friday. Capri has a one year low of $11.86 and a one year high of $43.34. The stock has a 50-day moving average of $17.21 and a 200 day moving average of $19.30. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -1.82, a PEG ratio of 0.38 and a beta of 1.67.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm's revenue for the quarter was down 15.4% on a year-over-year basis. On average, sell-side analysts forecast that Capri will post 0.98 EPS for the current year.

Hedge Funds Weigh In On Capri

Several large investors have recently made changes to their positions in the business. 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 valued at $28,000 after purchasing an additional 1,266 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Capri during the 1st quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the first quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in shares of Capri by 134.9% in the first 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 in the last quarter. Finally, Twin Tree Management LP purchased a new position in shares of Capri in the fourth quarter worth $45,000. 84.34% of the stock is currently owned by hedge funds and other 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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