TD Cowen assumed coverage on shares of Capri (NYSE:CPRI – Free Report) in a report issued on Friday,Zacks reports. The brokerage issued a hold rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of Capri from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Capri in a report on Tuesday, August 25th. Wells Fargo & Company cut their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. The Goldman Sachs Group reduced their target price on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, Robert W. Baird decreased their price target on shares of Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus target price of $21.80.
View Our Latest Report on CPRI
Capri Stock Up 15.3%
CPRI opened at $18.52 on Friday. Capri has a one year low of $12.40 and a one year high of $28.26. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19. The stock’s fifty day moving average is $14.62 and its 200-day moving average is $17.91. The company has a market capitalization of $2.11 billion, a PE ratio of 14.25, a P/E/G ratio of 0.34 and a beta of 1.35.
Capri (NYSE:CPRI – Get Free Report) last announced its earnings results 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. Capri had a return on equity of 297.36% and a net margin of 4.44%. The business had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $786.55 million. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts predict that Capri will post 2.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Capri
Several hedge funds have recently modified their holdings of CPRI. Segall Bryant & Hamill LLC increased its position in shares of Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock worth $48,186,000 after acquiring an additional 1,314,611 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Capri by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock valued at $38,154,000 after acquiring an additional 557,955 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in shares of Capri during the first quarter valued at approximately $23,784,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Capri by 15.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 640,980 shares of the company’s stock valued at $11,518,000 after acquiring an additional 86,361 shares during the period. Finally, SummitTX Capital L.P. lifted its position in shares of Capri by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 569,054 shares of the company’s stock valued at $10,027,000 after acquiring an additional 392,517 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.
Capri News Roundup
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
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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