Capri (NYSE:CPRI – Free Report) had its price target raised by Wells Fargo & Company from $16.00 to $18.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Robert W. Baird cut their price target on Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group reissued a “hold” rating on shares of Capri in a report on Tuesday, September 22nd. JPMorgan Chase & Co. lowered their target price on Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. Barclays cut their target price on Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group cut their target price on Capri from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.53.
View Our Latest Stock Report on Capri
Capri Stock Up 6.1%
Capri stock opened at $21.27 on Monday. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.50 and a current ratio of 1.18. Capri has a one year low of $12.40 and a one year high of $28.26. The company has a 50-day simple moving average of $15.04 and a 200-day simple moving average of $17.83. The firm has a market capitalization of $2.20 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.42 and a beta of 1.27.
Capri (NYSE:CPRI – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. Capri’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. As a group, equities analysts expect that Capri will post 2.18 earnings per share for the current year.
Hedge Funds Weigh In On Capri
Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC lifted its position in Capri by 299.7% in 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. bought a new position in Capri during the 3rd quarter valued at $47,000. Parallel Advisors LLC boosted its stake in Capri by 308.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock valued at $52,000 after purchasing an additional 2,780 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Capri by 804.7% during the 3rd quarter. Sterling Capital Management LLC now owns 3,818 shares of the company’s stock valued at $54,000 after purchasing an additional 3,396 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Capri by 14.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.
Capri News Roundup
Here are the key news stories impacting Capri this week:
- Positive Sentiment: Capri raised its fiscal 2027 guidance, a key catalyst for investor optimism. How Investors Are Reacting To Capri Holdings Raised 2027 Guidance
- Positive Sentiment: The company’s latest quarter topped expectations: EPS was $0.42 versus the $0.21 consensus, and revenue was $809 million versus estimates of $786.55 million. The earnings beat helped fuel the recent rally. Capri Shares Up Following Earnings Beat
- Positive Sentiment: Wells Fargo, Goldman Sachs and Barclays issued upbeat coverage or raised their price outlooks, adding to positive analyst sentiment. Wells Fargo Forecasts Strong Price Appreciation Goldman Sachs Raises Capri Price Target Barclays Forecasts Strong Price Appreciation
- Neutral Sentiment: Recent commentary describes Capri as a potential value stock after a steep share-price decline, but valuation-focused articles do not guarantee a business recovery. Capri Stock Looks Like a Bargain
- Negative Sentiment: Despite the earnings beat, quarterly revenue was down 5.5% year over year. Michael Kors is still experiencing declining revenue, with management expecting a return to growth; execution on that recovery remains important. Why Capri Holdings Stock Popped in October
Capri Company Profile
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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