Capri (NYSE:CPRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Capri (NYSE:CPRI) from a sell rating to a hold rating in a research report sent to investors on Sunday.

CPRI has been the topic of a number of other reports. UBS Group lifted their price target on Capri from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. JPMorgan Chase & Co. cut their price target on Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Barclays cut their price target on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Bank of America began coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.50.

Capri Trading Up 1.0%

Shares of NYSE CPRI opened at $17.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $16.05 and a two-hundred day simple moving average of $19.91. The firm has a market cap of $2.07 billion, a PE ratio of -2.06, a price-to-earnings-growth ratio of 7.80 and a beta of 1.70. Capri has a twelve month low of $11.86 and a twelve month high of $43.34.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its stake in Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after buying an additional 1,266 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Capri during the 1st quarter worth $30,000. Banque Cantonale Vaudoise purchased a new position in Capri during the 1st quarter worth $29,000. UMB Bank n.a. grew its stake in Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock worth $35,000 after buying an additional 1,020 shares during the last quarter. Finally, Twin Tree Management LP purchased a new position in Capri during the 4th quarter worth $45,000. 84.34% of the stock is currently 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.