Capri (NYSE:CPRI) Shares Up 5.9% - What's Next?

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price rose 5.9% during mid-day trading on Wednesday . The company traded as high as $18.36 and last traded at $18.62. Approximately 528,903 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,333,785 shares. The stock had previously closed at $17.59.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price objective 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 price objective (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. UBS Group upped their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.50.

Capri Price Performance

The stock's 50-day moving average price is $16.28 and its 200 day moving average price is $19.80. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 7.80 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after purchasing an additional 151,866 shares in the last quarter. Norges Bank acquired a new position in Capri in the fourth quarter worth about $58,070,000. Primecap Management Co. CA grew its stake in Capri by 13.2% during the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after buying an additional 547,578 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Capri during the fourth quarter worth about $2,167,000. Finally, SWS Partners bought a new stake in Capri during the fourth quarter worth about $1,468,000. Institutional investors and hedge funds 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.