Capri Holdings Limited (NYSE:CPRI) Receives Consensus Recommendation of “Hold” from Brokerages

Capri Holdings Limited (NYSE:CPRI) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $21.9333.

A number of analysts recently commented on the company. Telsey Advisory Group lowered their price objective on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company cut their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Barclays reduced their target price on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. The Goldman Sachs Group lowered their price target on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Bank of America dropped their price target on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th.

Capri Stock Down 0.8%

Shares of CPRI opened at $13.66 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.29 and a beta of 1.41. 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 business’s fifty day moving average price is $17.10 and its two-hundred day moving average price is $18.47. Capri has a 52 week low of $13.61 and a 52 week high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.The company had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $757.61 million. During the same period last year, the firm earned $0.50 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, analysts predict that Capri will post 2.11 earnings per share for the current year.

Insider Transactions at Capri

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of Capri 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPRI. Cooper Creek Partners Management LLC acquired a new position in shares of Capri during the 1st quarter worth about $23,784,000. M&T Bank Corp increased its stake in shares of Capri by 1,288.6% in the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock valued at $3,884,000 after acquiring an additional 147,721 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after acquiring an additional 121,209 shares during the period. Fox Run Management L.L.C. raised its position in shares of Capri by 567.1% in the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company’s stock valued at $1,979,000 after acquiring an additional 68,933 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Capri by 74.0% during the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock worth $19,169,000 after acquiring an additional 334,107 shares during the last quarter. Institutional investors and hedge funds 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.