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

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

A number of other research analysts have also recently commented on the stock. Robert W. Baird cut their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. UBS Group raised their price target on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Barclays cut their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.50.

Capri Stock Up 0.8%

Shares of NYSE CPRI traded up $0.14 during mid-day trading on Friday, hitting $17.72. The company had a trading volume of 2,395,510 shares, compared to its average volume of 3,469,248. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97. The business's 50-day simple moving average is $16.84 and its 200-day simple moving average is $19.40. Capri has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same quarter in the previous year, the business posted $0.42 EPS. The firm's quarterly revenue was down 15.4% on a year-over-year basis. As a group, research analysts anticipate that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Capri by 1.4% in the 4th 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 during the last quarter. Norges Bank bought a new position in Capri in the 4th quarter worth approximately $58,070,000. Primecap Management Co. CA raised its position in Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after purchasing an additional 547,578 shares during the last quarter. Raymond James Financial Inc. bought a new position in Capri in the 4th quarter worth approximately $2,167,000. Finally, SWS Partners bought a new position in Capri in the 4th quarter worth approximately $1,468,000. Institutional investors 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.