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

Capri (NYSE:CPRI) was downgraded by stock analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, MarketBeat reports. They presently have a $42.00 price objective on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 0.02% from the company’s current price.

CPRI has been the subject of several other reports. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. UBS Group reduced their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Finally, StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Capri presently has an average rating of “Hold” and an average price target of $40.40.

Capri Price Performance

Shares of NYSE:CPRI opened at $41.99 on Thursday. Capri has a 1-year low of $29.28 and a 1-year high of $51.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The business has a fifty day moving average price of $38.03 and a 200-day moving average price of $36.18. The company has a market capitalization of $4.90 billion, a PE ratio of -21.31, a PEG ratio of 7.08 and a beta of 1.97.

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

Institutional Investors Weigh In On Capri

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares during the period. Baupost Group LLC MA bought a new stake in shares of Capri during the 2nd quarter valued at about $33,080,000. Carlson Capital L P grew its stake in shares of Capri by 2.1% during the 1st quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock valued at $43,262,000 after purchasing an additional 20,000 shares during the period. Samlyn Capital LLC grew its stake in shares of Capri by 8.3% during the 2nd quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock valued at $26,307,000 after purchasing an additional 61,232 shares during the period. Finally, DME Capital Management LP purchased a new position in shares of Capri during the 2nd quarter valued at about $22,652,000. 84.34% of the stock is currently owned by institutional investors.

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.