Capri (NYSE:CPRI) Stock Price Up 5.4% – Still a Buy?

Shares of Capri Holdings Limited (NYSE:CPRI) traded up 5.4% during mid-day trading on Thursday . The company traded as high as $20.49 and last traded at $20.53. 1,402,581 shares changed hands during trading, a decline of 59% from the average session volume of 3,390,020 shares. The stock had previously closed at $19.48.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Barclays cut their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. 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 research report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capri has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock has a market cap of $2.53 billion, a PE ratio of -2.51, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company’s 50 day simple moving average is $22.56 and its 200 day simple moving average is $27.32.

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 the consensus estimate 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 previous year, the business posted $1.20 EPS. Analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in Capri in the 3rd quarter valued at approximately $42,000. Twin Tree Management LP purchased a new position in Capri in the 4th quarter valued at approximately $45,000. Quarry LP purchased a new position in Capri in the 3rd quarter valued at approximately $53,000. Aster Capital Management DIFC Ltd purchased a new position in Capri in the 4th quarter valued at approximately $74,000. Finally, KBC Group NV grew its stake in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.