Capri Holdings Limited (NYSE:CPRI – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.91 and traded as high as $19.14. Capri shares last traded at $18.5240, with a volume of 9,812,166 shares changing hands.
Key Capri News
Here are the key news stories impacting Capri this week:
- Positive Sentiment: Capri reported quarterly adjusted earnings of $0.42 per share, well above the $0.21 analyst consensus and sharply ahead of the $0.03 loss recorded a year earlier. Revenue of $809 million also exceeded estimates of $786.55 million. Capri Holdings Q2 Earnings and Revenues Top Estimates
- Positive Sentiment: Profitability improved substantially: net income reached $27 million versus a $34 million loss in the prior-year quarter, while gross margin expanded to 63.3% from 61.0%. Operating income also returned to positive territory. Capri Reports Revenue and Quarterly Net Income
- Positive Sentiment: Management raised its fiscal 2027 outlook, expecting approximately $3.42 billion in adjusted revenue. Capri also repurchased about 10.3 million shares for $150 million, supporting per-share results and signaling confidence in the recovery. Capri Holdings Fiscal 2027 Second-Quarter Earnings Presentation
- Positive Sentiment: Jimmy Choo was a notable bright spot, with revenue increasing 11.5% to $146 million, partially offsetting weakness elsewhere in the portfolio.
- Negative Sentiment: Total revenue still declined 5.5% year over year, and Michael Kors revenue fell 8.6% to $663 million, highlighting ongoing brand and demand challenges. Capri also ended the quarter with $461 million of borrowings and $125 million in cash. Capri Holdings Key Second-Quarter Metrics
Analysts Set New Price Targets
Several research analysts have recently commented on CPRI shares. TD Cowen assumed coverage on Capri in a research report on Friday. They issued a “hold” rating for the company. Telsey Advisory Group dropped their price objective on Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Capri from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, BTIG Research reduced their target price on shares of Capri from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.80.
Check Out Our Latest Report on Capri
Capri Stock Up 15.3%
The company’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $17.91. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The firm has a market capitalization of $2.11 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.40 and a beta of 1.35.
Capri (NYSE:CPRI – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Capri had a return on equity of 297.36% and a net margin of 4.44%. The firm had revenue of $809.00 million during the quarter, compared to analyst estimates of $786.55 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts forecast that Capri Holdings Limited will post 2.20 EPS for the current year.
Hedge Funds Weigh In On Capri
Several hedge funds and other institutional investors have recently modified their holdings of CPRI. Measured Wealth Private Client Group LLC lifted its holdings in shares of Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after purchasing an additional 1,142 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new stake in Capri in the third quarter valued at approximately $47,000. Sterling Capital Management LLC boosted its position in Capri by 804.7% in the third quarter. Sterling Capital Management LLC now owns 3,818 shares of the company’s stock valued at $54,000 after buying an additional 3,396 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Capri by 14.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after buying an additional 555 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Capri in the 1st quarter worth approximately $190,000. 84.34% of the stock is owned by hedge funds and other institutional investors.
About Capri
Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.
Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.
The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.
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