Capri (NYSE:CPRI) Hits New 52-Week Low – Here’s What Happened

Capri Holdings Limited (NYSE:CPRI) shares hit a new 52-week low on Monday . The company traded as low as $13.57 and last traded at $13.6610, with a volume of 780744 shares trading hands. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CPRI shares. 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 report on Thursday, August 6th. BTIG Research dropped their price objective on Capri from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company cut their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. UBS Group decreased their target price on Capri from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Robert W. Baird lowered their target price on Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.93.

Capri Price Performance

The stock’s 50 day moving average is $16.80 and its two-hundred day moving average is $18.34. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market capitalization of $1.51 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.41.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $757.61 million. During the same quarter in the previous year, the business posted $0.50 EPS. The firm’s revenue 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. As a group, sell-side analysts forecast that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

Insider Activity at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Trading of Capri

Institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Capri during the 2nd quarter worth about $600,000. California State Teachers Retirement System raised its position in shares of Capri by 1,716.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,445,186 shares of the company’s stock worth $45,407,000 after acquiring an additional 2,310,584 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Capri by 85.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 63,100 shares of the company’s stock worth $1,172,000 after acquiring an additional 29,100 shares in the last quarter. GAMMA Investing LLC lifted its stake in Capri by 8.7% during the second quarter. GAMMA Investing LLC now owns 12,274 shares of the company’s stock worth $228,000 after purchasing an additional 987 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Capri by 11.0% during the second quarter. Moody National Bank Trust Division now owns 80,599 shares of the company’s stock worth $1,497,000 after purchasing an additional 7,981 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.