Shares of Capri Holdings Ltd (NYSE:CPRI) hit a new 52-week low during trading on Monday . The company traded as low as $31.62 and last traded at $31.93, with a volume of 12445 shares changing hands. The stock had previously closed at $33.19.
A number of brokerages have recently commented on CPRI. ValuEngine cut shares of Capri from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Argus began coverage on shares of Capri in a report on Wednesday, June 12th. They set a “hold” rating on the stock. Nomura dropped their target price on shares of Capri from $76.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Credit Suisse Group dropped their target price on shares of Capri from $52.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. They noted that the move was a valuation call. Finally, Guggenheim restated a “hold” rating on shares of Capri in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.00.
The stock has a 50-day moving average price of $35.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.50 and a current ratio of 1.12. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 1.02 and a beta of 0.73.
Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 29th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Capri had a return on equity of 33.75% and a net margin of 10.36%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. Capri’s revenue was up 13.9% on a year-over-year basis. Equities research analysts forecast that Capri Holdings Ltd will post 4.95 EPS for the current fiscal year.
In other news, CFO Thomas Jr. Edwards purchased 11,600 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $34.41 per share, for a total transaction of $399,156.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John D. Idol purchased 615,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $32.57 per share, with a total value of $20,030,550.00. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Coastal Investment Advisors Inc. bought a new stake in shares of Capri during the 2nd quarter valued at about $31,000. Signaturefd LLC bought a new stake in shares of Capri during the 1st quarter valued at about $40,000. Destination Wealth Management bought a new stake in shares of Capri during the 2nd quarter valued at about $31,000. CSat Investment Advisory L.P. bought a new stake in shares of Capri during the 1st quarter valued at about $46,000. Finally, CenterStar Asset Management LLC bought a new stake in shares of Capri during the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 86.48% 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.
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