Capri (NYSE:CPRI) Reaches New 52-Week Low – Should You Sell?

Capri Holdings Limited (NYSE:CPRI)’s share price hit a new 52-week low on Thursday . The company traded as low as $18.55 and last traded at $18.55, with a volume of 1213997 shares traded. The stock had previously closed at $19.65.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Robert W. Baird reduced their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. Finally, Wells Fargo & Company reduced their price target on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus target price of $30.29.

Capri Trading Down 3.0 %

The business’s fifty day moving average is $34.87 and its 200-day moving average is $34.28. The firm has a market cap of $2.25 billion, a P/E ratio of -6.21, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Institutional Investors Weigh In On Capri

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. CWM LLC lifted its position in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Signaturefd LLC boosted its stake in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. EMC Capital Management increased its position in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. Finally, Headlands Technologies LLC bought a new position in Capri during the first quarter worth $117,000. Institutional investors and hedge funds 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.