Capri (NYSE:CPRI) Hits New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen cut their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research report on Thursday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Barclays decreased their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Capri presently has a consensus rating of “Hold” and an average target price of $25.92.

Capri Trading Down 8.7 %

The firm has a fifty day moving average of $22.64 and a two-hundred day moving average of $27.65. The company has a market cap of $2.25 billion, a PE ratio of -2.23, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share 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 quarter in the prior year, the business posted $1.20 EPS. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Institutional Trading of Capri

A number of institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Capri in the fourth quarter worth about $556,000. Twin Lakes Capital Management LLC grew its position in shares of Capri by 88.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 323,736 shares of the company’s stock valued at $6,818,000 after purchasing an additional 151,988 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Capri by 6.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,633 shares of the company’s stock worth $7,195,000 after purchasing an additional 19,799 shares during the period. Vision One Management Partners LP purchased a new stake in shares of Capri in the fourth quarter worth $17,306,000. Finally, Teza Capital Management LLC boosted its stake in Capri by 1,294.7% during the fourth quarter. Teza Capital Management LLC now owns 84,449 shares of the company’s stock valued at $1,778,000 after buying an additional 78,394 shares during the period. 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.