Capri (NYSE:CPRI) Rating Lowered to 'Sell' at Wall Street Zen\n\nCapri was downgraded by investment analysts from a 'hold' rating to a 'sell' rating in a note issued to investors. Several other analysts have commented on the stock recently. UBS Group boosted their price target on Capri shares from $14.00 to $18.00 and gave the stock a 'neutral' rating in a research note. Wells Fargo & Company dropped their price target on Capri from $30.00 to $25.00 and set an 'overweight' rating for the company. 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. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an 'equal weight' rating for the company. Telsey Advisory Group reissued a 'market perform' rating and issued a $20.00 price objective on shares of Capri. 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. Capri opened at $19.27 on Friday. The company has a 50-day moving average price of $17.61 and a 200-day moving average price of $19.22. Capri has a 52-week low of $11.86 and a 52-week high of $43.34. The company has a quick ratio of 0.49, a current ratio of 1.14, and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $2.27 billion, a P/E ratio of -1.93, a PEG ratio of 0.41, and a beta of 1.67. Capri 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. Institutional Trading of Capri A number of hedge funds have recently modified their holdings of CPRI. Farther Finance Advisors LLC increased its stake in shares of Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after purchasing an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri in the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Capri in the first quarter worth approximately $29,000. UMB Bank n.a. increased its position in shares of Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in Capri in the 4th quarter valued at $45,000. Hedge funds and other 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 various regions. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers a wide range of products through a distribution network, including boutiques, department, and specialty stores, as well as e-commerce sites.

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

Capri Holdings Limited (NYSE:CPRI) was downgraded from a 'hold' rating to a 'sell' rating by Wall Street Zen. Analysts from UBS, Wells Fargo, Barclays, and others have adjusted their price targets and ratings for the stock. The company reported negative earnings results, with a 52-week low of $11.86 and high of $43.34, and a market cap of $2.27 billion.