Capri (NYSE:CPRI) Rating Lowered to "Sell" at Wall Street Zen

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 note issued to investors on Sunday.

Several other analysts have also recently commented on the stock. UBS Group boosted their price target on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company dropped their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Robert W. Baird cut their price objective 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. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reissued 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Capri presently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Price Performance

NYSE CPRI opened at $19.27 on Friday. The company has a 50-day moving average price of $17.61 and a 200-day moving average price of $19.22. Capri has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $2.27 billion, a P/E ratio of -1.93, a PEG ratio of 0.41 and a beta of 1.67.

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 return on equity of 39.55% and a negative net margin of 26.61%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same period in the prior year, the business posted $0.42 earnings per share. Capri's revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Institutional Trading of Capri

A number of hedge funds have recently modified their holdings of CPRI. Farther Finance Advisors LLC increased its stake in shares of Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after purchasing an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri in the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Capri in the first quarter worth approximately $29,000. UMB Bank n.a. increased its position in shares of Capri by 134.9% during the first 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 in the last quarter. Finally, Twin Tree Management LP purchased a new position in Capri in the 4th quarter valued at $45,000. 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.

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