Capri Holdings Limited (NYSE:CPRI) Given Consensus Recommendation of “Hold” by Analysts

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

CPRI has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on Capri from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Telsey Advisory Group dropped their target price on Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Barclays dropped their price objective 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. Finally, TD Cowen cut shares of Capri from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $17.00 in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC boosted its stake in shares of Capri by 299.7% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after buying an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after buying an additional 1,638 shares during the last quarter. MidFirst Bank acquired a new stake in Capri in the fourth quarter valued at $77,000. Hantz Financial Services Inc. raised its holdings in Capri by 57.9% in the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock valued at $104,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Capri by 14.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after acquiring an additional 555 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Up 2.0%

Shares of NYSE:CPRI opened at $14.16 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. Capri has a fifty-two week low of $12.40 and a fifty-two week high of $28.26. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.30 and a beta of 1.38. The firm’s 50-day simple moving average is $15.14 and its 200-day simple moving average is $17.63.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $757.61 million. Capri had a net margin of 4.44% and a return on equity of 297.36%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities research analysts predict that Capri will post 2.11 earnings per share for the current year.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.