Capri (NYSE:CPRI) Raised to Hold at Wall Street Zen

Capri (NYSE:CPRI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts have also issued reports on CPRI. Wells Fargo & Company dropped their price objective on shares of Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Capri from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 28th. UBS Group upped their price objective on shares of Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Capri in a report on Wednesday. Finally, Robert W. Baird dropped their price objective on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.33.

Capri Stock Performance

NYSE:CPRI opened at $19.72 on Friday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.17. The company has a fifty day moving average of $18.30 and a two-hundred day moving average of $18.83. The stock has a market capitalization of $2.33 billion, a PE ratio of -2.10, a P/E/G ratio of 0.45 and a beta of 1.72. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. As a group, research analysts forecast that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its holdings in Capri by 190.4% in the second quarter. Intech Investment Management LLC now owns 50,498 shares of the company’s stock valued at $894,000 after acquiring an additional 33,109 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Capri by 0.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 280,295 shares of the company’s stock worth $4,961,000 after purchasing an additional 2,110 shares in the last quarter. Geode Capital Management LLC raised its holdings in Capri by 42.2% during the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock worth $51,032,000 after purchasing an additional 855,330 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Capri during the second quarter worth approximately $515,000. Finally, Monaco Asset Management SAM raised its holdings in Capri by 277.2% during the second quarter. Monaco Asset Management SAM now owns 490,400 shares of the company’s stock worth $8,680,000 after purchasing an additional 360,400 shares in the last quarter. Institutional investors and hedge funds 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.