Capri (NYSE:CPRI) Reaches New 1-Year Low – Should You Sell?

Capri Holdings Limited (NYSE:CPRI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.20 and last traded at $16.2780, with a volume of 102248 shares traded. The stock had previously closed at $16.38.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CPRI shares. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. UBS Group dropped their target price on shares of Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Barclays reduced their target price on shares of Capri from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Wells Fargo & Company decreased their price target on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Finally, BTIG Research reissued a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.21.

Capri Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $1.82 billion, a P/E ratio of 13.94, a PEG ratio of 0.29 and a beta of 1.39. The company has a fifty day simple moving average of $18.58 and a two-hundred day simple moving average of $19.95.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same quarter last year, the firm earned ($4.90) EPS. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Sell-side analysts expect that Capri Holdings Limited will post 2.07 EPS 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 shares were sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPRI. Measured Wealth Private Client Group LLC grew its stake in shares of Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after purchasing an additional 1,142 shares during the period. Quantbot Technologies LP bought a new stake in Capri in the second quarter valued at about $39,000. Caitong International Asset Management Co. Ltd lifted its stake in Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after buying an additional 1,638 shares during the period. MidFirst Bank acquired a new position in Capri in the fourth quarter valued at about $77,000. Finally, Hantz Financial Services Inc. boosted its holdings in Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after buying an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

About Capri

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.