Capri (NYSE:CPRI) Trading Up 4.6% – Here’s Why

Capri Holdings Limited (NYSE:CPRI)’s stock price was up 4.6% on Wednesday . The company traded as high as $15.63 and last traded at $15.89. Approximately 911,114 shares traded hands during trading, a decline of 75% from the average daily volume of 3,578,750 shares. The stock had previously closed at $15.19.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPRI. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 target price on shares of Capri in a research note on Thursday, May 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Capri in a report on Tuesday. UBS Group reduced their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company lowered their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group dropped 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus target price of $21.93.

Capri Stock Up 3.1%

The company has a 50 day moving average of $14.74 and a 200-day moving average of $17.41. 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 company has a market cap of $1.78 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.31 and a beta of 1.38.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.The business had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. During the same period in the prior year, the company earned $0.50 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. 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, equities analysts predict that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Capri

Several hedge funds have recently bought and sold shares of CPRI. Engineers Gate Manager LP purchased a new position in Capri in the 2nd quarter worth approximately $3,804,000. Squarepoint Ops LLC purchased a new stake in shares of Capri during the 2nd quarter valued at $4,878,000. Corient Private Wealth LP lifted its holdings in shares of Capri by 8.1% during the 2nd quarter. Corient Private Wealth LP now owns 111,959 shares of the company’s stock worth $2,079,000 after acquiring an additional 8,404 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Capri during the 2nd quarter worth $600,000. Finally, Handelsbanken Fonder AB grew its position in Capri by 85.6% in the second 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. 84.34% of the stock is currently owned by institutional investors.

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.