As of Thursday close, Capri Holdings Limited’s (NYSE:CPRI) stock was down -$0.65, moving down -1.81 percent to $35.35. The average number of shares traded per day over the past five days has been 2,092,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 1,926,895, while in the previous 50 days, it was 2,504,804.
Since last month, CPRI stock retreated -0.92%. Shares of the company fell to $34.17 on 07/06/23, the lowest level in the past month. A 52-week high of $69.25 was reached on 02/03/23 after having rallying from a 52-week low of $34.17. Since the beginning of this year, CPRI’s stock price has dropped by -38.33% or -$21.97, and marked a new high 15 times. However, the stock has declined by -48.95% since its 52-week high.
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CPRI stock investors should be aware that Capri Holdings Limited (CPRI) stock had its last reported insider trading activity 140 days ago on Mar 17. Edwards Thomas Jr., the EVP, CFO & COO of the company, purchased of 4,900 shares for $41.07 on Mar 17. It resulted in a $201,243 investment by the insider. IDOL JOHN D added 240,000 shares at an average price of $41.57 on Mar 16. The insider now owns 1,967,545 shares following the transaction. On Aug 29, Director Gibbons Judy sold 4,920 shares at $48.88 apiece. The transaction was valued at $240,483.
Valuation Metrics
Right now, Capri Holdings Limited (CPRI) has a P/E ratio of about 7.89. The stock’s beta is 2.26. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 2.36, and the price-to-cash flow ratio of 7.37 may also be considered.
Financial Health
In the three months ended March 30, Capri Holdings Limited’s quick ratio stood at 0.60, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.99, and the total debt-to-equity ratio was 0.99. On the profitability front, the trailing twelve-month gross margin is 66.30% percent. In the year ended March 30, operating margins totaled 12.10%. Based on annual data, CPRI earned $3.72 billion in gross profit and brought in $5.62 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.70%. Return on equity (ROE) for the past 12 months was 28.70%.
In Capri Holdings Limited’s quarter-end financial report for March 30, it reported total debt of $1.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CPRI’s revenue fell -11.76% to $1.51 billion during the quarter, while net income inched up to $1.33 billion. While analysts expected Capri Holdings Limited to report $0.94 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by 3.20%. During the quarter, the company generated $49.0 million in EBITDA. The liabilities of Capri Holdings Limited were 5.45 billion at the end of its most recent quarter ended March 30, and its total debt was $3.6 billion. The value of shareholders’ equity is $117.38 million.
Technical Picture
This quick technical analysis looks at Capri Holdings Limited’s (CPRI) price momentum. With a historical volatility rate of 26.00%, the RSI 9-day stood at 40.85% on 03 August.
With respect to its five-day moving average, the current Capri Holdings Limited price is down by -1.45% percent or -$0.52. At present, CPRI shares trade +0.88% above its 20-day simple moving average and -17.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.44% below its SMA50 and -14.18% below its SMA200.
Stochastic coefficient K was 50.89% and Stochastic coefficient D was 65.70%, while ATR was 1.13. Given the Stochastic reading of 32.92% for the 14-day period, the RSI (14) reading has been calculated as 43.65%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.30.
Analyst Ratings
Capri Holdings Limited downgraded its rating on Capri Holdings Limited (NYSE: CPRI) to a Neutral in a note to investors on July 31, 2023. The analysts firm previously had an Overweight rating on the stock.Capri Holdings Limited (CPRI) has been rated Overweight by analysts. According to 0 brokerage firms, CPRI is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Capri Holdings Limited stock as buy, with 8 recommending it as overweight.
With a median target price of $47.00, the current consensus forecast for the stock is $36.00 – $68.00. Based on these forecasts, analysts predict Capri Holdings Limited (CPRI) will achieve an average price target of $48.20.
