Capri (NYSE:CPRI) Stock Price Down 22.2% – Should You Sell?

Capri Holdings Limited (NYSE:CPRI)’s stock price fell 22.2% during trading on Thursday . The stock traded as low as $16.03 and last traded at $15.28. 1,205,064 shares traded hands during trading, a decline of 58% from the average session volume of 2,849,915 shares. The stock had previously closed at $19.63.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPRI. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Bank of America assumed coverage on Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Barclays reduced their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.92.

Capri Trading Down 25.1 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm’s fifty day moving average is $21.89 and its 200-day moving average is $25.69. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last posted its quarterly earnings data 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 quarter in the previous year, the company earned $1.20 EPS. Equities analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Cerity Partners LLC boosted its holdings in Capri by 41.7% during the 3rd quarter. Cerity Partners LLC now owns 13,143 shares of the company’s stock valued at $558,000 after acquiring an additional 3,869 shares during the period. FMR LLC increased its stake in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Capri by 76.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company’s stock valued at $13,659,000 after acquiring an additional 139,063 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Capri by 53.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 104,000 shares of the company’s stock worth $4,414,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Capri by 27.0% in the third quarter. Itau Unibanco Holding S.A. now owns 7,000 shares of the company’s stock worth $297,000 after purchasing an additional 1,489 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other 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.