Capri (NYSE:CPRI) Releases FY 2027 Earnings Guidance

Capri (NYSE:CPRI) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.150-2.150 for the period, compared to the consensus estimate of 1.850. The company issued revenue guidance of $3.5 billion-$3.5 billion, compared to the consensus revenue estimate of $3.5 billion. Capri also updated its Q1 2027 guidance to 0.400-0.400 EPS.

Capri Trading Up 0.8%

Shares of Capri stock opened at $18.63 on Wednesday. Capri has a 12-month low of $16.22 and a 12-month high of $28.26. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. The stock has a market cap of $2.22 billion, a PE ratio of -4.37, a price-to-earnings-growth ratio of 0.29 and a beta of 1.43. The company has a 50-day moving average of $18.77 and a two-hundred day moving average of $21.56.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, research analysts anticipate that Capri will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $22.00 target price on shares of Capri in a research report on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Capri in a research report on Friday, January 30th. Wells Fargo & Company decreased their target price on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Capri from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.92.

Insider Buying and Selling at Capri

In related news, CEO John D. Idol purchased 55,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the acquisition, the chief executive officer directly owned 2,257,645 shares in the company, valued at $40,592,457.10. This trade represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently made changes to their positions in CPRI. Arrowstreet Capital Limited Partnership purchased a new position in shares of Capri in the 4th quarter valued at $53,759,000. State Street Corp raised its stake in shares of Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after acquiring an additional 724,967 shares during the period. Rubric Capital Management LP purchased a new position in shares of Capri in the 4th quarter valued at $16,470,000. Jain Global LLC purchased a new position in shares of Capri in the 4th quarter valued at $11,491,000. Finally, Bank of America Corp DE raised its stake in shares of Capri by 125.2% in the 2nd quarter. Bank of America Corp DE now owns 693,849 shares of the company’s stock valued at $12,281,000 after acquiring an additional 385,785 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.