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

Capri Holdings Limited (NYSE:CPRI) reached a new 52-week low during trading on Tuesday . The company traded as low as $12.83 and last traded at $12.8080, with a volume of 247970 shares. The stock had previously closed at $13.25.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPRI. Robert W. Baird reduced their price target on shares of Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Wells Fargo & Company lowered their price objective 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 dropped 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. Bank of America reduced their target price on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $21.93.

Capri Stock Down 2.0%

The stock has a 50 day moving average of $16.27 and a 200-day moving average of $18.16. The firm has a market capitalization of $1.48 billion, a P/E ratio of 9.99, 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.

Capri (NYSE:CPRI) last issued 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. The firm had revenue of $769.00 million during the quarter, compared to analyst estimates of $757.61 million. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Research analysts predict that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction that occurred on Monday, June 8th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Capri

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after purchasing an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Capri by 48.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after purchasing an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Capri by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after purchasing an additional 1,313 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Capri by 22.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock worth $15,084,000 after purchasing an additional 139,809 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock worth $8,337,000 after purchasing an additional 80,928 shares during the period. Hedge funds and other 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.