Capri (NYSE:CPRI) Sees Unusually-High Trading Volume

Capri Holdings Limited (NYSE:CPRI - Get Free Report) saw an uptick in trading volume on Tuesday . 1,145,512 shares traded hands during mid-day trading, a decline of 8% from the previous session's volume of 1,239,844 shares.The stock last traded at $37.02 and had previously closed at $37.96.

Wall Street Analyst Weigh In

Several research firms have recently commented on CPRI. StockNews.com began coverage on shares of Capri in a report on Saturday, April 13th. They issued a "hold" rating on the stock. Telsey Advisory Group decreased their price target on shares of Capri from $57.00 to $42.00 and set a "market perform" rating on the stock in a research note on Tuesday. Finally, OTR Global reaffirmed a "mixed" rating on shares of Capri in a research note on Wednesday, April 17th. Thirteen equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $49.25.

Capri Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. The firm has a market cap of $4.26 billion, a P/E ratio of 20.51, a PEG ratio of 7.82 and a beta of 2.03. The stock's 50-day simple moving average is $44.75 and its two-hundred day simple moving average is $47.89.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The company's revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts forecast that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Louisiana State Employees Retirement System grew its stake in Capri by 2.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company's stock valued at $1,518,000 after purchasing an additional 900 shares during the last quarter. Amalgamated Bank grew its stake in Capri by 10.3% during the 1st quarter. Amalgamated Bank now owns 80,121 shares of the company's stock valued at $3,629,000 after purchasing an additional 7,475 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in Capri during the 1st quarter valued at about $508,000. Raymond James Financial Services Advisors Inc. grew its stake in Capri by 142.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 117,476 shares of the company's stock valued at $5,322,000 after purchasing an additional 68,952 shares during the last quarter. Finally, Silverlake Wealth Management LLC purchased a new stake in Capri during the 1st quarter valued at about $1,153,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.