Capri (NYSE:CPRI) Reaches New 12-Month Low – Here’s What Happened

Capri Holdings Limited (NYSE:CPRI)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $11.86 and last traded at $16.38, with a volume of 15709168 shares traded. The stock had previously closed at $12.48.

Analyst Ratings Changes

Several analysts have weighed in on CPRI shares. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Barclays lowered their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Jefferies Financial Group upped their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Trading Up 31.3 %

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The business has a 50-day simple moving average of $20.37 and a two-hundred day simple moving average of $24.59. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -1.92, a P/E/G ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the company posted $1.20 earnings per share. As a group, research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Capri

Large investors have recently made changes to their positions in the stock. Investors Research Corp raised its stake in Capri by 3.8% in 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. GAMMA Investing LLC raised its stake in Capri by 1,916.4% in the 1st quarter. GAMMA Investing LLC now owns 82,531 shares of the company’s stock valued at $1,628,000 after acquiring an additional 78,438 shares during the period. Moody National Bank Trust Division raised its stake in Capri by 9.8% in the 1st quarter. Moody National Bank Trust Division now owns 43,857 shares of the company’s stock valued at $865,000 after acquiring an additional 3,920 shares during the period. PKO Investment Management Joint Stock Co bought a new position in Capri during the 4th quarter worth $526,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Capri during the 4th quarter worth $556,000. Institutional investors and hedge funds 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.