Capri (NYSE:CPRI) Shares Down 5.8% – Should You Sell?

Shares of Capri Holdings Limited (NYSE:CPRI) were down 5.8% on Tuesday . The company traded as low as $13.58 and last traded at $13.56. Approximately 1,845,361 shares changed hands during trading, a decline of 41% from the average daily volume of 3,122,576 shares. The stock had previously closed at $14.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CPRI shares. Robert W. Baird decreased their price objective on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Telsey Advisory Group cut their price objective on Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Friday. Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.08.

Capri Price Performance

The company’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $23.99. The stock has a market cap of $1.60 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the prior year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Institutional Trading of Capri

Large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after acquiring an additional 596 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after buying an additional 643 shares in the last quarter. Xponance Inc. lifted its position in Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after buying an additional 757 shares in the last quarter. Investors Research Corp increased its position in Capri by 3.8% in the 1st quarter. Investors Research Corp now owns 21,669 shares of the company’s stock valued at $428,000 after acquiring an additional 800 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter worth about $42,000. 84.34% of the stock is owned by 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.