Capri (NYSE:CPRI) Releases Earnings Results, Beats Expectations By $0.11 EPS

Capri (NYSE:CPRI) announced its quarterly earnings data on Wednesday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11, FiscalAI reports. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.

Capri Price Performance

Shares of NYSE CPRI opened at $18.63 on Wednesday. The firm has a market cap of $2.22 billion, a PE ratio of -4.37, a PEG ratio of 0.29 and a beta of 1.43. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. Capri has a 1-year low of $16.22 and a 1-year high of $28.26. The company has a fifty day moving average price of $18.77 and a 200 day moving average price of $21.56.

Insiders Place Their Bets

In related news, CEO John D. Idol bought 55,000 shares of Capri stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $17.98 per share, with a total value of $988,900.00. Following the purchase, the chief executive officer owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Capri

Several institutional investors have recently bought and sold shares of CPRI. Royal Bank of Canada lifted its stake in Capri by 70.0% in the 1st quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after acquiring an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Capri by 48.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock valued at $397,000 after acquiring an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Capri by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock valued at $218,000 after acquiring an additional 1,313 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 valued at $15,084,000 after acquiring an additional 139,809 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $8,337,000 after acquiring an additional 80,928 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Capri from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Barclays reduced their price objective on shares of Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Capri in a research note on Tuesday, February 3rd. Wells Fargo & Company dropped their price objective on Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Finally, Robert W. Baird raised Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $25.92.

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.