Capri (NYSE:CPRI) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Capri (NYSE:CPRI) from a hold rating to a sell rating in a report issued on Saturday.

A number of other analysts have also recently commented on CPRI. Telsey Advisory Group restated a “market perform” rating and set a $20.00 price target (up from $17.00) on shares of Capri in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company lowered their target price on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Robert W. Baird lowered their target price 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. Finally, Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.50.

Capri Stock Performance

Shares of CPRI stock opened at $17.42 on Friday. The stock has a market capitalization of $2.05 billion, a P/E ratio of -2.04, a PEG ratio of 7.80 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $16.26 and its 200 day moving average is $20.03. Capri has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, sell-side analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently made changes to their positions in CPRI. Janney Montgomery Scott LLC increased its holdings in shares of Capri by 174.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company’s stock worth $456,000 after buying an additional 13,785 shares during the last quarter. KBC Group NV increased its holdings in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of Capri by 149.4% in the 4th quarter. ARGA Investment Management LP now owns 227,957 shares of the company’s stock worth $4,801,000 after buying an additional 136,556 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Capri in the 4th quarter worth $48,953,000. Finally, Ingalls & Snyder LLC increased its holdings in shares of Capri by 209.6% in the 4th quarter. Ingalls & Snyder LLC now owns 92,250 shares of the company’s stock worth $1,943,000 after buying an additional 62,450 shares during the last quarter. 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.