Wall Street Zen Upgrades Capri (NYSE:CPRI) to Hold

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

CPRI has been the subject of a number of other research reports. Robert W. Baird lowered their price target 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. Barclays decreased their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company dropped their target price on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, April 11th. UBS Group boosted their target price on Capri from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $20.00 price target (up from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus price target of $22.50.

Capri Stock Up 0.2%

Shares of CPRI opened at $18.17 on Friday. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -1.82, a price-to-earnings-growth ratio of 0.38 and a beta of 1.67. Capri has a 1 year low of $11.86 and a 1 year high of $43.34. The business’s 50 day simple moving average is $17.21 and its 200-day simple moving average is $19.30.

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). Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. As a group, equities analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently made changes to their positions in the business. SWS Partners grew its holdings in shares of Capri by 2.5% in the first quarter. SWS Partners now owns 71,484 shares of the company’s stock worth $1,410,000 after purchasing an additional 1,763 shares during the last quarter. Bayforest Capital Ltd boosted its position in Capri by 569.1% in the 1st quarter. Bayforest Capital Ltd now owns 35,330 shares of the company’s stock valued at $697,000 after buying an additional 30,050 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock worth $8,337,000 after acquiring an additional 80,928 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Capri during the first quarter worth approximately $11,502,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Capri by 22.4% during the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after acquiring an additional 139,809 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

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.