Capri (CPRI) Downgraded to “Strong Sell” at ValuEngine

Capri (NYSE:CPRI) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Barclays assumed coverage on shares of Capri in a research note on Tuesday, February 26th. They set an “overweight” rating and a $53.00 target price on the stock. Zacks Investment Research cut shares of Capri from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 7th. Guggenheim restated a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. Needham & Company LLC lowered their target price on shares of Capri from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. Finally, Wolfe Research restated an “outperform” rating and set a $53.00 target price (down previously from $63.00) on shares of Capri in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.60.

CPRI opened at $44.52 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48. Capri has a fifty-two week low of $35.68 and a fifty-two week high of $75.96. The firm has a market cap of $6.94 billion, a P/E ratio of 9.85, a PEG ratio of 1.40 and a beta of 0.50.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. Capri had a net margin of 11.19% and a return on equity of 35.44%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.77 EPS. Capri’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Capri will post 4.95 earnings per share for the current year.

In other Capri news, SVP Cathy Marie Robinson sold 3,648 shares of Capri stock in a transaction on Friday, February 8th. The shares were sold at an average price of $47.00, for a total value of $171,456.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Capri in the 4th quarter valued at $89,438,000. Portland Hill Asset Management Ltd bought a new stake in Capri in the 1st quarter valued at $7,995,000. Martingale Asset Management L P bought a new stake in Capri in the 4th quarter valued at $6,406,000. Nisa Investment Advisors LLC bought a new stake in Capri in the 4th quarter valued at $3,845,000. Finally, Nuveen Asset Management LLC bought a new stake in Capri in the 4th quarter valued at $3,367,000. Institutional investors own 80.29% of the company’s stock.

Capri Company Profile

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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Analyst Recommendations for Capri (NYSE:CPRI)

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