Capri (<a>NYSE:CPRI</a> – <a>Get Free Report</a>) was downgraded by investment analysts at <a>Wall Street Zen</a> from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.\n\nSeveral other analysts have also recently commented on the stock. UBS Group boosted their price target on shares of Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Wells Fargo &amp; Company dropped their price target on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Robert W. Baird cut their price objective on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price objective (up from $17.00) on shares of Capri in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus price target of $22.50.\n\nCapri (<a>NYSE:CPRI</a> – <a>Get Free Report</a>) last announced its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same period in the prior year, the business posted $0.42 earnings per share. Capri’s revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts anticipate that Capri will post 0.98 earnings per share for the current year.\n\nCapri 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.

Capri (NYSE:CPRI) Rating Lowered to “Sell” at Wall Street Zen

Capri (NYSE:CPRI) was downgraded by Wall Street Zen from a 'hold' rating to a 'sell' rating. Multiple analysts adjusted price targets and ratings for the company, while Capri reported earnings that missed expectations, including a negative EPS and revenue decline.