Capri (NYSE:CPRI) Shares Up 5.2% - Still a Buy?

Key Points

• Capri shares rose 5.2% to about $21.43, while trading volume was 49% below its average.
• The company beat quarterly earnings and revenue estimates, reporting EPS of $0.42 versus $0.21 expected and revenue of $809 million; revenue nevertheless fell 5.5% year over year.
• Analyst sentiment is mixed: Capri has a consensus Hold rating and an average price target of $22.13, with recent target changes in both directions.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) shares were up 5.2% during trading on Friday. The company traded as high as $21.35 and last traded at $21.4310. Approximately 1,841,563 shares changed hands during trading, a decline of 49% from the average session volume of 3,576,570 shares. The stock had previously closed at $20.38.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 4th. Telsey Advisory Group reduced their price target on shares of Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a report on Thursday, August 6th. UBS Group upped their price target on shares of Capri from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, November 2nd. Robert W. Baird dropped their price objective on shares of Capri from $26.00 to $24.00 and set an "outperform" rating on the stock in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Capri in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Capri has a consensus rating of "Hold" and a consensus target price of $22.13.

Capri Trading Up 5.3%

The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 6.31. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.43 and a beta of 1.27. The firm has a 50-day moving average of $15.98 and a 200 day moving average of $17.71.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Saturday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Capri had a return on equity of 242.96% and a net margin of 6.12%. The company had revenue of $809.00 million during the quarter, compared to analyst estimates of $786.55 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm's quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts predict that Capri Holdings Limited will post 2.18 EPS for the current fiscal year.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC increased its stake in shares of Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company's stock valued at $27,000 after acquiring an additional 1,142 shares during the period. Bessemer Group Inc. lifted its position in Capri by 610.2% in the third quarter. Bessemer Group Inc. now owns 2,230 shares of the company's stock worth $32,000 after purchasing an additional 1,916 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new stake in Capri in the third quarter worth approximately $47,000. Parallel Advisors LLC boosted its stake in Capri by 308.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company's stock valued at $52,000 after purchasing an additional 2,780 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Capri by 804.7% during the 3rd quarter. Sterling Capital Management LLC now owns 3,818 shares of the company's stock valued at $54,000 after purchasing an additional 3,396 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Company Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners. The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.

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