Capri (NYSE:CPRI) Releases FY 2027 Earnings Guidance

Capri (NYSE:CPRI) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.150-2.150 for the period, compared to the consensus EPS estimate of 2.130. The company issued revenue guidance of $3.4 billion-$3.4 billion, compared to the consensus revenue estimate of $3.5 billion. Capri also updated its Q2 2027 guidance to 0.200-0.200 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPRI shares. Telsey Advisory Group dropped their price target on Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th. Wells Fargo & Company cut their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Barclays reduced their price objective on Capri from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. TD Cowen dropped their target price on Capri from $26.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Bank of America dropped their target price on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.33.

Capri Price Performance

CPRI opened at $16.30 on Wednesday. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.21 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $18.21 and its 200 day simple moving average is $19.28. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.30 and a beta of 1.41. Capri has a 1 year low of $15.19 and a 1 year high of $28.26.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.27. Capri had a return on equity of 664.22% and a net margin of 3.94%.The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. As a group, analysts predict that Capri will post 2.06 earnings per share for the current year.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC increased its stake in shares of Capri by 3.4% in the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock worth $405,000 after acquiring an additional 550 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Capri by 1.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after acquiring an additional 550 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Capri by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after buying an additional 734 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capri by 8.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,126 shares of the company’s stock worth $271,000 after acquiring an additional 880 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Capri by 4.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,246 shares of the company’s stock valued at $403,000 after purchasing an additional 940 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.