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

Capri (NYSE:CPRI) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also recently weighed in on CPRI. UBS Group lifted 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. JPMorgan Chase & Co. dropped their price target on shares of Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 price target (up previously from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Barclays dropped their price target on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Finally, Robert W. Baird dropped their price target on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.50.

Capri Price Performance

Shares of CPRI opened at $17.56 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of -1.76, a price-to-earnings-growth ratio of 0.37 and a beta of 1.70. 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 firm has a 50 day moving average of $16.84 and a 200 day moving average of $19.42. Capri has a twelve month low of $11.86 and a twelve month high of $43.34.

Capri (NYSE:CPRI) last announced its quarterly 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). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. Capri’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. As a group, equities research analysts anticipate that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after purchasing an additional 596 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Capri by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company’s stock worth $243,000 after purchasing an additional 667 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Capri by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 271,400 shares of the company’s stock worth $5,355,000 after purchasing an additional 709 shares in the last quarter. Xponance Inc. lifted its stake in Capri by 5.7% in the 4th quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after purchasing an additional 757 shares in the last quarter. Finally, Investors Research Corp lifted its stake in Capri by 3.8% in the 1st quarter. Investors Research Corp now owns 21,669 shares of the company’s stock worth $428,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.