Capri (NYSE:CPRI) Hits New 1-Year Low – What’s Next?

Capri Holdings Limited (NYSE:CPRI) shares reached a new 52-week low on Tuesday . The stock traded as low as $16.71 and last traded at $16.6990, with a volume of 1929744 shares traded. The stock had previously closed at $17.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Bank of America decreased their target price on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. JPMorgan Chase & Co. lowered their target price on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. Barclays cut their price target on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, BTIG Research restated a “buy” rating and issued a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.79.

Capri Stock Performance

The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The business has a 50 day moving average price of $18.81 and a two-hundred day moving average price of $20.30. The stock has a market cap of $1.92 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 0.33 and a beta of 1.39.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $800.04 million. During the same quarter last year, the company earned ($4.90) EPS. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. On average, sell-side analysts forecast that Capri Holdings Limited will post 2.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stephen F. Reitman sold 17,981 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB increased its holdings in Capri by 85.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 63,100 shares of the company’s stock valued at $1,172,000 after acquiring an additional 29,100 shares during the last quarter. GAMMA Investing LLC lifted its stake in Capri by 8.7% in the 2nd quarter. GAMMA Investing LLC now owns 12,274 shares of the company’s stock worth $228,000 after purchasing an additional 987 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Capri by 11.0% during the 2nd quarter. Moody National Bank Trust Division now owns 80,599 shares of the company’s stock valued at $1,497,000 after purchasing an additional 7,981 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Capri by 92.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after purchasing an additional 1,314,611 shares during the last quarter. Finally, Amundi purchased a new position in shares of Capri during the first quarter valued at about $307,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.