Capri (NYSE:CPRI) Sees Strong Trading Volume

Capri Holdings Limited (NYSE:CPRI) shares saw strong trading volume on Tuesday . 1,145,512 shares were traded during trading, a decline of 8% from the previous session’s volume of 1,239,844 shares.The stock last traded at $37.02 and had previously closed at $37.96.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com assumed coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Telsey Advisory Group dropped their target price on Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Thirteen research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.25.

Capri Price Performance

The stock has a market capitalization of $4.13 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 7.41 and a beta of 2.03. The stock’s 50 day moving average is $44.54 and its two-hundred day moving average is $47.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06.

Capri (NYSE:CPRI) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Capri Holdings Limited will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPRI. SG Americas Securities LLC lifted its stake in Capri by 27.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock worth $285,000 after purchasing an additional 1,177 shares in the last quarter. Avaii Wealth Management LLC purchased a new stake in shares of Capri during the 3rd quarter valued at approximately $303,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Capri by 16.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,989 shares of the company’s stock valued at $1,262,000 after buying an additional 3,409 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Capri by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock valued at $593,000 after buying an additional 1,012 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Capri during the 3rd quarter valued at approximately $247,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.