Capri (NYSE:CPRI) Sees Strong Trading Volume

Capri Holdings Limited (NYSE:CPRI) saw an uptick in trading volume on Tuesday . 1,145,512 shares were traded during trading, a decline of 8% from the previous session’s volume of 1,239,844 shares.The stock last traded at $37.02 and had previously closed at $37.96.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPRI. OTR Global reissued a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. StockNews.com began coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Finally, Telsey Advisory Group lowered their price target on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $49.25.

Capri Price Performance

The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $44.54 and its two-hundred day moving average price is $47.78. The stock has a market capitalization of $4.13 billion, a PE ratio of 19.89, a PEG ratio of 7.41 and a beta of 2.03.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts predict that Capri Holdings Limited will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CPRI. Fifth Third Bancorp grew its position in Capri by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after buying an additional 440 shares during the period. Private Wealth Management Group LLC bought a new stake in Capri during the fourth quarter valued at approximately $25,000. M&T Bank Corp grew its position in Capri by 9.0% during the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock valued at $457,000 after buying an additional 716 shares during the period. State of Michigan Retirement System grew its position in Capri by 2.9% during the first quarter. State of Michigan Retirement System now owns 28,665 shares of the company’s stock valued at $1,299,000 after buying an additional 800 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in Capri by 2.8% during the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock valued at $1,518,000 after buying an additional 900 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.