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

Wall Street Zen upgraded shares of Capri (NYSE:CPRI - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other analysts have also commented on CPRI. UBS Group raised their price target 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 dropped their target price on 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 Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays lowered their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $20.00 price objective (up from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.50.

Capri Stock Performance

Shares of Capri stock traded up $0.30 during trading on Friday, hitting $18.80. 3,175,827 shares of the company's stock were exchanged, compared to its average volume of 3,511,758. Capri has a 52-week low of $11.86 and a 52-week high of $43.34. 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 stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -1.89, a PEG ratio of 0.39 and a beta of 1.67. The business has a 50-day simple moving average of $17.36 and a 200-day simple moving average of $19.26.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPRI. Vanguard Group Inc. lifted its position 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 buying an additional 151,866 shares in the last quarter. FMR LLC increased its stake in shares of Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Capri by 10.6% during the 1st quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock worth $102,275,000 after acquiring an additional 495,387 shares during the period. Norges Bank acquired a new position in shares of Capri during the 4th quarter valued at about $58,070,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Capri by 72.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock valued at $54,647,000 after purchasing an additional 1,088,051 shares during the period. 84.34% of the stock is currently 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.