Wall Street Zen Downgrades Capri (NYSE:CPRI) to Sell

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

A number of other research firms have also recently weighed in on CPRI. Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 price objective (up previously from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Barclays lowered their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. UBS Group increased their target price on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, Robert W. Baird dropped their target price on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Capri presently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Trading Down 3.6%

Shares of NYSE CPRI traded down $0.63 during mid-day trading on Friday, reaching $17.09. 2,914,605 shares of the company's stock were exchanged, compared to its average volume of 3,318,861. The company's 50-day moving average is $16.14 and its 200-day moving average is $19.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -2.00, a PEG ratio of 7.80 and a beta of 1.64. Capri has a 52-week low of $11.86 and a 52-week high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results 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 positive return on equity of 12.89% and a negative net margin of 21.79%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same period last year, the business earned $0.42 EPS. The company's quarterly revenue was down 15.4% compared to the same quarter last year. Analysts expect that Capri will post 0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently made changes to their positions in CPRI. SWS Partners increased its stake in shares of Capri by 2.5% during the first quarter. SWS Partners now owns 71,484 shares of the company's stock worth $1,410,000 after buying an additional 1,763 shares during the period. Bayforest Capital Ltd grew its holdings in Capri by 569.1% during the 1st quarter. Bayforest Capital Ltd now owns 35,330 shares of the company's stock worth $697,000 after acquiring an additional 30,050 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company's stock valued at $8,337,000 after purchasing an additional 80,928 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Capri in the 1st quarter valued at $11,502,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Capri by 22.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock worth $15,084,000 after purchasing an additional 139,809 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Company Profile

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.