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.
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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