The stock price of Capri Holdings Ltd (NYSE: CPRI) has jumped by 4.27 compared to previous close of 38.66. Despite this, the company has seen a gain of 6.61% in its stock price over the last five trading days. cnbc.com reported 2024-09-16 that Fashion designer Michael Kors testified Monday about competition in the handbag industry. The Federal Trade Commission is seeking to block Tapestry’s $8.5 billion acquisition of Capri, which would put six brands including Michael Kors and Coach under a single company.
Is It Worth Investing in Capri Holdings Ltd (NYSE: CPRI) Right Now?
Additionally, the 36-month beta value for CPRI is 1.96. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CPRI is 115.10M and currently, short sellers hold a 6.56% ratio of that float. The average trading volume of CPRI on September 17, 2024 was 1.31M shares.
CPRI’s Market Performance
CPRI’s stock has seen a 6.61% increase for the week, with a 24.14% rise in the past month and a 25.97% gain in the past quarter. The volatility ratio for the week is 5.11%, and the volatility levels for the past 30 days are at 3.37% for Capri Holdings Ltd. The simple moving average for the past 20 days is 11.35% for CPRI’s stock, with a -0.74% simple moving average for the past 200 days.
Analysts’ Opinion of CPRI
Many brokerage firms have already submitted their reports for CPRI stocks, with Citigroup repeating the rating for CPRI by listing it as a “Neutral.” The predicted price for CPRI in the upcoming period, according to Citigroup is $41 based on the research report published on September 13, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CPRI reach a price target of $43, previously predicting the price at $57. The rating they have provided for CPRI stocks is “Overweight” according to the report published on June 25th, 2024.
Citigroup gave a rating of “Buy” to CPRI, setting the target price at $41 in the report published on June 17th of the current year.
CPRI Trading at 17.27% from the 50-Day Moving Average
After a stumble in the market that brought CPRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.77% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares surge +23.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.64% upper at present.
During the last 5 trading sessions, CPRI rose by +7.64%, which changed the moving average for the period of 200-days by -16.80% in comparison to the 20-day moving average, which settled at $36.59. In addition, Capri Holdings Ltd saw -19.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CPRI
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.62 for the gross margin
The net margin for Capri Holdings Ltd stands at -0.06. The total capital return value is set at 0.05. Equity return is now at value -17.17, with -4.15 for asset returns.
Based on Capri Holdings Ltd (CPRI), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is -41.17.
Currently, EBITDA for the company is 557.0 million with net debt to EBITDA at 8.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 15.8for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In conclusion, Capri Holdings Ltd (CPRI) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
