Capri (NYSE:CPRI) Trading 5% Higher - Time to Buy?

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price shot up 5% during mid-day trading on Wednesday . The company traded as high as $19.47 and last traded at $18.43. 1,587,226 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 3,263,873 shares. The stock had previously closed at $17.55.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CPRI shares. Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price target (up from $17.00) on shares of Capri in a research report on Wednesday. Barclays reduced 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. Wells Fargo & Company decreased their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wall Street Zen downgraded shares of Capri from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, UBS Group boosted their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capri presently has a consensus rating of "Hold" and an average target price of $22.50.

Capri Price Performance

The stock's 50 day simple moving average is $16.33 and its 200-day simple moving average is $20.06. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results 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 firm had revenue of $1.04 billion during 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%. Capri's revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Equities research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Capri by 1.4% during the 4th 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 during the last quarter. FMR LLC raised its holdings in shares of Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares during the last quarter. Primecap Management Co. CA lifted its position in Capri by 10.6% during the first quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock valued at $102,275,000 after purchasing an additional 495,387 shares during the period. Norges Bank acquired a new position in Capri during the fourth quarter valued at $58,070,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

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.