Capri (NYSE:CPRI) Sets New 1-Year Low – Should You Sell?

Capri Holdings Limited (NYSE:CPRI)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.57 and last traded at $13.68, with a volume of 708427 shares trading hands. The stock had previously closed at $14.99.

Analysts Set New Price Targets

A number of research firms have commented on CPRI. JPMorgan Chase & Co. increased their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Bank of America initiated coverage on shares of Capri in a research report on Monday, February 10th. They set a “neutral” rating and a $23.00 target price on the stock. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Trading Down 3.5 %

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 $1.71 billion, a PE ratio of -1.69, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a 50-day simple moving average of $21.49 and a 200 day simple moving average of $25.45.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the business 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.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth approximately $42,000. Twin Tree Management LP acquired a new position in Capri during the fourth quarter worth $45,000. Quarry LP purchased a new position in Capri during the third quarter valued at $53,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri in the fourth quarter valued at about $74,000. Finally, KBC Group NV increased its stake in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares in the last quarter. Hedge funds and other 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.