Capri (NYSE:CPRI) Cut to "Sell" at Wall Street Zen

Wall Street Zen lowered shares of Capri (NYSE:CPRI - Free Report) from a hold rating to a sell rating in a research report released on Friday.

Several other analysts have also recently commented on CPRI. Barclays reduced their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Robert W. Baird reduced their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. UBS Group raised their price target on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. 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 report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Capri presently has a consensus rating of "Hold" and an average target price of $22.50.

Capri Stock Performance

Capri stock traded up $0.03 during mid-day trading on Friday, reaching $17.56. 18,901,852 shares of the company were exchanged, compared to its average volume of 3,467,114. Capri has a twelve month low of $11.86 and a twelve month high of $43.34. The firm's 50-day simple moving average is $16.84 and its two-hundred day simple moving average is $19.43. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The firm has a market cap of $2.07 billion, a PE ratio of -1.76, a price-to-earnings-growth ratio of 0.37 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). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The firm's revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. Equities analysts predict that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after purchasing an additional 1,266 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Capri in the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Capri in the first quarter valued at approximately $29,000. UMB Bank n.a. increased its stake in shares of Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after purchasing an additional 1,020 shares during the period. Finally, Twin Tree Management LP acquired a new stake in shares of Capri in the fourth quarter valued at approximately $45,000. 84.34% of the stock is owned by 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.