Capri (NYSE:CPRI) Stock Price Down 7.5% - Time to Sell?

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price dropped 7.5% during trading on Friday . The stock traded as low as $16.57 and last traded at $16.51. Approximately 1,366,710 shares changed hands during trading, a decline of 59% from the average daily volume of 3,352,626 shares. The stock had previously closed at $17.84.

Analyst Upgrades and Downgrades

CPRI has been the topic of several research analyst reports. Robert W. Baird cut 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. UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Finally, Barclays lowered their price objective on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.50.

Capri Trading Up 5.1%

The business's 50-day moving average price is $16.38 and its two-hundred day moving average price is $19.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of 7.80 and a beta of 1.70.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period in the prior year, the firm earned $0.42 EPS. The business's quarterly revenue was down 15.4% on a year-over-year basis. Equities analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Institutional Investors Weigh In On Capri

A number of institutional investors have recently bought and sold shares of the stock. SWS Partners grew its holdings in Capri by 2.5% in the first quarter. SWS Partners now owns 71,484 shares of the company's stock valued at $1,410,000 after purchasing an additional 1,763 shares during the period. Bayforest Capital Ltd grew its holdings in Capri by 569.1% in the first quarter. Bayforest Capital Ltd now owns 35,330 shares of the company's stock valued at $697,000 after purchasing an additional 30,050 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Capri by 23.7% in the first 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 period. Woodline Partners LP purchased a new stake in Capri in the first quarter valued at approximately $11,502,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Capri by 22.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock valued at $15,084,000 after acquiring an additional 139,809 shares during the period. 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.