Capri (NYSE:CPRI) Reaches New 52-Week Low – Should You Sell?

Capri Holdings Limited (NYSE:CPRI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $18.55 and last traded at $18.55, with a volume of 1213997 shares. The stock had previously closed at $19.65.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPRI shares. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Robert W. Baird decreased their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Capri in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and an average price target of $30.29.

Capri Price Performance

The company’s 50-day simple moving average is $34.87 and its 200-day simple moving average is $34.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -6.21, a P/E/G ratio of 3.84 and a beta of 2.05.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPRI. Bessemer Group Inc. grew its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares in the last quarter. CWM LLC raised its holdings in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares in the last quarter. Signaturefd LLC lifted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the period. EMC Capital Management grew its holdings in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Capri in the first quarter worth $117,000. Institutional investors own 84.34% of the company’s stock.

About Capri

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.