Capri (NYSE:CPRI) Trading Down 5.4%

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Capri Holdings Ltd (NYSE:CPRI)’s share price dropped 5.4% during mid-day trading on Thursday . The stock traded as low as $28.17 and last traded at $27.13, approximately 291,906 shares were traded during trading. A decline of 90% from the average daily volume of 3,060,755 shares. The stock had previously closed at $28.68.

CPRI has been the topic of several recent analyst reports. ValuEngine cut shares of Capri from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. UBS Group reduced their price target on shares of Capri from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. MKM Partners reduced their price target on shares of Capri to $35.00 and set a “neutral” rating on the stock in a research report on Monday. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (down previously from $54.00) on shares of Capri in a research report on Thursday, August 8th. Finally, Guggenheim restated a “hold” rating on shares of Capri in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Capri currently has a consensus rating of “Hold” and an average price target of $50.08.

The firm’s 50-day moving average is $34.27 and its two-hundred day moving average is $40.48. The company has a market cap of $4.51 billion, a P/E ratio of 5.43, a PEG ratio of 1.07 and a beta of 0.73. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.02 and a quick ratio of 0.45.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Capri had a net margin of 7.45% and a return on equity of 30.44%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $1.32 earnings per share. Capri’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that Capri Holdings Ltd will post 4.9 EPS for the current year.

In other news, CFO Thomas Jr. Edwards acquired 11,600 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $34.41 per share, with a total value of $399,156.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John D. Idol acquired 363,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $27.48 per share, with a total value of $9,975,240.00. The disclosure for this purchase can be found here. Insiders have acquired 989,600 shares of company stock valued at $30,404,946 over the last ninety days. 5.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Destination Wealth Management purchased a new position in Capri during the second quarter worth $31,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Capri during the second quarter valued at $31,000. Pearl River Capital LLC purchased a new stake in shares of Capri during the second quarter valued at $32,000. Signaturefd LLC purchased a new stake in shares of Capri during the first quarter valued at $40,000. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of Capri during the first quarter valued at $46,000. 86.73% of the stock is owned by institutional investors.

Capri Company Profile (NYSE:CPRI)

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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