Capri (NYSE:CPRI) Reaches New 52-Week Low – What’s Next?

Capri Holdings Limited (NYSE:CPRI)’s share price reached a new 52-week low on Monday . The stock traded as low as $16.20 and last traded at $16.2780, with a volume of 102248 shares trading hands. The stock had previously closed at $16.38.

Analyst Upgrades and Downgrades

CPRI has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price objective on shares of Capri in a research note on Thursday, May 28th. Telsey Advisory Group decreased their target price on shares of Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th. UBS Group cut their price target on Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Finally, Wells Fargo & Company decreased their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and an average target price of $24.21.

Capri Stock Performance

The business’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $20.07. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.30 and a beta of 1.39. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The business had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same period in the prior year, the company posted ($4.90) EPS. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. As a group, sell-side analysts expect that Capri Holdings Limited will post 2.07 earnings per share for the current fiscal year.

Insider Transactions at Capri

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock worth $285,525,000 after acquiring an additional 121,209 shares in the last quarter. State Street Corp lifted its holdings in Capri by 19.3% during the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in shares of Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after purchasing an additional 1,314,611 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Capri in the fourth quarter valued at about $53,759,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Capri by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after purchasing an additional 557,955 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.