Wells Fargo & Company Issues Pessimistic Forecast for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRI - Free Report) had its price target reduced by Wells Fargo & Company from $30.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also commented on CPRI. Barclays decreased their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Telsey Advisory Group lowered their target price on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. Bank of America began coverage on shares of Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 price target on the stock. Finally, Robert W. Baird cut their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.08.

Capri Stock Performance

NYSE CPRI traded down $0.26 during trading on Friday, reaching $13.24. The company's stock had a trading volume of 1,629,937 shares, compared to its average volume of 3,113,931. Capri has a 12 month low of $11.86 and a 12 month high of $43.34. The firm has a 50 day moving average price of $19.70 and a 200 day moving average price of $23.91. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -1.55, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the company posted $1.20 EPS. As a group, equities analysts anticipate that Capri will post 0.98 EPS for the current fiscal year.

Institutional Trading of Capri

A number of institutional investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock valued at $720,000 after purchasing an additional 596 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after buying an additional 643 shares in the last quarter. Xponance Inc. increased its stake in shares of Capri by 5.7% in the 4th quarter. Xponance Inc. now owns 14,056 shares of the company's stock valued at $296,000 after acquiring an additional 757 shares in the last quarter. Investors Research Corp lifted its position in shares of Capri by 3.8% during the 1st quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after acquiring an additional 800 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Capri during the third quarter worth $42,000. 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.