Capri (NYSE:CPRI) Hits New 1-Year Low at $44.89

Shares of Capri Holdings Limited (NYSE:CPRIGet Rating) reached a new 52-week low on Thursday . The stock traded as low as $44.89 and last traded at $45.35, with a volume of 32385 shares. The stock had previously closed at $48.54.

Several research analysts have weighed in on CPRI shares. Bank of America lifted their target price on Capri from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 3rd. Wells Fargo & Company reduced their target price on Capri from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, April 5th. OTR Global lowered Capri to a “positive” rating in a report on Wednesday, January 26th. Sanford C. Bernstein started coverage on Capri in a report on Monday, March 14th. They set a “market perform” rating and a $55.00 target price on the stock. Finally, Barclays lifted their target price on Capri from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Capri has an average rating of “Buy” and an average price target of $77.33.

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.18 and a quick ratio of 0.62. The business has a 50-day moving average of $52.45 and a 200-day moving average of $58.62. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.14 and a beta of 2.30.

Capri (NYSE:CPRIGet Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.54. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Capri had a return on equity of 34.22% and a net margin of 10.41%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 earnings per share. As a group, equities analysts anticipate that Capri Holdings Limited will post 6 EPS for the current fiscal year.

In other Capri news, SVP Daniel Purefoy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $50.80, for a total transaction of $99,060.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John D. Idol sold 72,397 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $70.39, for a total value of $5,096,024.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,438 shares of company stock worth $6,004,094. Company insiders own 2.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Capri in the fourth quarter valued at approximately $27,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Capri in the fourth quarter valued at approximately $34,000. National Bank of Canada FI acquired a new position in shares of Capri in the fourth quarter valued at approximately $43,000. UMB Bank N A MO acquired a new position in shares of Capri in the fourth quarter valued at approximately $59,000. Finally, Marshall Wace LLP acquired a new position in shares of Capri in the first quarter valued at approximately $69,000. 88.46% of the stock is currently owned by institutional investors.

Capri Company Profile (NYSE:CPRI)

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. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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