Capri (NYSE:CPRI) Shares Gap Down – Here’s Why

Capri Holdings Limited (NYSE:CPRI)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $19.73, but opened at $19.20. Capri shares last traded at $19.50, with a volume of 450,390 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CPRI shares. Guggenheim restated a “buy” rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.92.

Capri Stock Up 1.5 %

The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -2.30, a PEG ratio of 7.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm’s fifty day moving average is $21.89 and its 200-day moving average is $25.69.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 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 last year, the company earned $1.20 earnings per share. On average, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Institutional Trading of Capri

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in Capri in the third quarter worth about $42,000. Twin Tree Management LP acquired a new position in Capri during the 4th quarter valued at approximately $45,000. Quarry LP bought a new stake in Capri in the third quarter valued at $53,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Capri during the fourth quarter valued at $74,000. Finally, KBC Group NV increased its holdings in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

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.