Capri (NYSE:CPRI) Trading Down 5.4%

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

Several research firms have recently issued reports on CPRI. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective (down previously from $54.00) on shares of Capri in a report on Thursday, August 8th. Evercore ISI set a $50.00 price objective on shares of Capri and gave the company a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Co cut their price objective on shares of Capri from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, May 30th. UBS Group cut their price objective on shares of Capri from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Canaccord Genuity restated a “buy” rating and set a $67.00 price objective (down previously from $76.00) on shares of Capri in a report on Thursday, May 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Capri currently has a consensus rating of “Hold” and an average target price of $50.08.

The company has a debt-to-equity ratio of 1.61, a current ratio of 1.02 and a quick ratio of 0.45. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 1.07 and a beta of 0.73. The company’s fifty day moving average price is $34.27 and its 200-day moving average price is $40.48.



Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Capri Holdings Ltd will post 4.9 earnings per share for the current fiscal year.

In other Capri news, CEO John D. Idol purchased 363,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $27.48 per share, for a total transaction of $9,975,240.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John D. Idol purchased 615,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $32.57 per share, for a total transaction of $20,030,550.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 989,600 shares of company stock worth $30,404,946. 5.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Capri by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,673,084 shares of the company’s stock worth $543,541,000 after buying an additional 122,066 shares during the period. BlackRock Inc. boosted its position in Capri by 1.3% in the 2nd quarter. BlackRock Inc. now owns 10,363,986 shares of the company’s stock worth $359,422,000 after purchasing an additional 133,008 shares in the last quarter. Invesco Ltd. boosted its position in Capri by 53.7% in the 2nd quarter. Invesco Ltd. now owns 9,323,185 shares of the company’s stock worth $323,328,000 after purchasing an additional 3,257,281 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Capri in the 1st quarter worth approximately $405,282,000. Finally, FMR LLC purchased a new stake in Capri in the 1st quarter worth approximately $312,693,000. Institutional investors own 86.73% of the company’s stock.

About Capri (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.

See Also: P/E Growth (PEG)

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