Capri Holdings Hits Day Low at $20.01 Amid Price Pressure

Capri Holdings Ltd., a small-cap player in the footwear industry, experienced a significant decline today, with its stock dropping by 7.58%. The stock reached an intraday low of USD 20.01, reflecting ongoing challenges within the company. Over the past month, Capri Holdings has seen a notable decrease of 17.02%, contrasting sharply with the S&P 500's gain of 1.66% during the same period. The company's performance metrics reveal a concerning trend, with a staggering 59.1% decline over the past three years, while the S&P 500 has surged by 69.39%. Additionally, Capri Holdings has reported negative results for the last ten consecutive quarters, with a net profit of USD -502 million, marking a dramatic decline of 612.24%. The company's operating cash flow stands at a low USD 190.47 million, and its return on capital employed (ROCE) is at a negative 142.38%. With a debt-to-equity ratio of 2.99 and a price-to-book ratio of 40.08, the stock is currently trading at elevated valuations compared to its historical averages. These factors contribute to a challenging market position for Capri Holdings as it navigates its financial landscape.