ValuEngine Upgrades Capri (CPRI) to “Sell”

ValuEngine upgraded shares of Capri (NYSE:CPRI) from a strong sell rating to a sell rating in a research note published on Friday morning.

CPRI has been the topic of a number of other reports. Goldman Sachs Group assumed coverage on Capri in a report on Friday, January 11th. They issued a neutral rating and a $45.00 price target on the stock. Canaccord Genuity set a $76.00 price target on Capri and gave the stock a buy rating in a report on Saturday, February 2nd. Wolfe Research reissued an outperform rating and issued a $53.00 price target (down from $63.00) on shares of Capri in a report on Friday, February 1st. Zacks Investment Research cut Capri from a hold rating to a sell rating in a report on Tuesday, January 29th. Finally, Guggenheim reissued a hold rating on shares of Capri in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $58.75.

CPRI stock opened at $45.51 on Friday. Capri has a twelve month low of $35.68 and a twelve month high of $75.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48. The stock has a market cap of $6.94 billion, a PE ratio of 10.07, a P/E/G ratio of 1.41 and a beta of 0.60.



Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.19. Capri had a return on equity of 35.44% and a net margin of 11.19%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Capri will post 4.95 earnings per share for the current fiscal year.

In other news, SVP Cathy Marie Robinson sold 3,648 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $47.00, for a total transaction of $171,456.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Capri during the 4th quarter worth approximately $3,845,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Capri during the 4th quarter worth approximately $425,000. DNB Asset Management AS purchased a new stake in shares of Capri during the 4th quarter worth approximately $618,000. Financial Gravity Companies Inc. purchased a new stake in shares of Capri during the 4th quarter worth approximately $144,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Capri during the 4th quarter worth approximately $6,406,000. 89.13% of the stock is currently owned by institutional investors and hedge funds.

Capri Company Profile

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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Analyst Recommendations for Capri (NYSE:CPRI)

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