Capri (NYSE:CPRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Capri (NYSE:CPRI) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other research analysts have also commented on the company. The Goldman Sachs Group dropped their price target on Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Capri in a research note on Thursday, May 28th. Telsey Advisory Group lowered their target price on shares of Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. Barclays reduced their price objective on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, TD Cowen downgraded Capri from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and an average target price of $21.93.

Capri Trading Up 0.3%

Shares of Capri stock opened at $13.60 on Friday. Capri has a twelve month low of $12.56 and a twelve month high of $28.26. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. The business has a 50-day moving average price of $15.68 and a 200-day moving average price of $17.90. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.29 and a beta of 1.38.

Capri (NYSE:CPRI) last released its quarterly earnings results 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. The business had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%.The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Equities research analysts anticipate that Capri will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

Several large investors have recently modified their holdings of the business. Empowered Funds LLC boosted its position in Capri by 3.4% during the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock valued at $405,000 after acquiring an additional 550 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Capri by 1.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock valued at $1,018,000 after purchasing an additional 550 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after purchasing an additional 555 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Capri by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock valued at $431,000 after purchasing an additional 600 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Capri by 0.7% in the second quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after purchasing an additional 734 shares in the last quarter. 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.