Capri (NYSE:CPRI) Receives “Buy” Rating from BTIG Research

Capri (NYSE:CPRI)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a report released on Friday,Benzinga reports. They presently have a $30.00 price target on the stock. BTIG Research’s target price suggests a potential upside of 30.86% from the stock’s previous close.

Several other research firms also recently commented on CPRI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a report on Wednesday, January 21st. UBS Group set a $32.00 price objective on shares of Capri in a research note on Thursday, January 22nd. The Goldman Sachs Group assumed coverage on shares of Capri in a report on Thursday, January 8th. They set a “neutral” rating and a $27.00 target price on the stock. Guggenheim upgraded Capri to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, Robert W. Baird set a $26.00 price target on Capri in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.50.

Capri Stock Performance

Shares of CPRI stock opened at $22.93 on Friday. Capri has a 52 week low of $11.86 and a 52 week high of $28.26. The firm’s 50-day simple moving average is $25.23 and its two-hundred day simple moving average is $22.27. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -2.33, a P/E/G ratio of 0.45 and a beta of 1.45.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.17). The firm had revenue of $856.00 million during the quarter, compared to analysts’ expectations of $825.74 million. Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%. Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. Analysts forecast that Capri will post 0.98 earnings per share for the current year.

Insider Buying and Selling at Capri

In related news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total value of $259,600.00. Following the sale, the chief financial officer directly owned 741 shares of the company’s stock, valued at $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Capri

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Capri in the second quarter worth $55,906,000. Cartenna Capital LP bought a new stake in Capri during the third quarter worth about $29,382,000. Geode Capital Management LLC boosted its holdings in shares of Capri by 42.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock worth $51,032,000 after purchasing an additional 855,330 shares in the last quarter. State Street Corp boosted its holdings in shares of Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after purchasing an additional 724,967 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Capri by 214.1% during the 2nd quarter. Fisher Asset Management LLC now owns 978,770 shares of the company’s stock valued at $17,324,000 after purchasing an additional 667,116 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Company Profile

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.