Capri (NYSE:CPRI) Rating Lowered to Equal Weight at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Capri (NYSE:CPRI) from an overweight rating to an equal weight rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $42.00 price target on the stock.

CPRI has been the topic of several other reports. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. Finally, StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus price target of $40.40.

Capri Trading Down 1.5 %

NYSE CPRI opened at $41.98 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri has a twelve month low of $29.28 and a twelve month high of $51.73. The firm has a market capitalization of $4.90 billion, a PE ratio of -21.31, a P/E/G ratio of 7.08 and a beta of 1.97. The stock’s 50 day moving average is $38.03 and its 200 day moving average is $36.06.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. Research analysts forecast that Capri will post 2.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of Capri by 5.8% in the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after acquiring an additional 350 shares during the period. Signaturefd LLC boosted its stake in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the period. EMC Capital Management lifted its position in shares of Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares in the last quarter. Swiss National Bank lifted its position in shares of Capri by 0.3% in the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after buying an additional 600 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Company Profile

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.