Capri (NYSE:CPRI) Hits New 1-Year Low – Time to Sell?

Capri Holdings Limited (NYSE:CPRI)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $18.58 and last traded at $18.75, with a volume of 3221987 shares traded. The stock had previously closed at $20.88.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CPRI shares. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Thursday, February 20th. Barclays lowered their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Guggenheim reiterated a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Finally, Bank of America began coverage on shares of Capri in a research note on Monday, February 10th. They set a “neutral” rating and a $23.00 price target on the stock. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.92.

Capri Trading Up 0.1 %

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 has a market cap of $2.30 billion, a PE ratio of -2.28, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a 50-day simple moving average of $22.58 and a 200 day simple moving average of $27.42.

Capri (NYSE:CPRI) last issued its quarterly earnings results 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 period in the previous year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its stake in Capri by 164.1% during the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company’s stock worth $216,000 after buying an additional 3,167 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Capri by 3.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,049 shares of the company’s stock worth $2,379,000 after acquiring an additional 1,636 shares during the last quarter. KBC Group NV raised its position in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Capri by 127.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 167,000 shares of the company’s stock valued at $7,087,000 after purchasing an additional 93,500 shares during the last quarter. Finally, ING Groep NV grew its holdings in shares of Capri by 6.5% during the 3rd quarter. ING Groep NV now owns 473,400 shares of the company’s stock worth $20,091,000 after purchasing an additional 29,000 shares during the period. Hedge funds and other institutional investors 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.