Capri (NYSE:CPRI) Updates Q2 2027 Earnings Guidance

Capri (NYSE:CPRI) updated its second quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.200-0.200 for the period, compared to the consensus earnings per share estimate of 0.450. The company issued revenue guidance of $780.0 million-$780.0 million, compared to the consensus revenue estimate of $857.0 million. Capri also updated its FY 2027 guidance to 2.150-2.150 EPS.

Capri Price Performance

Shares of NYSE:CPRI traded down $1.01 during trading on Thursday, reaching $15.01. The company had a trading volume of 4,021,427 shares, compared to its average volume of 3,171,855. The firm’s fifty day moving average is $18.16 and its 200 day moving average is $19.21. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market capitalization of $1.72 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. Capri has a twelve month low of $14.94 and a twelve month high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. The firm had revenue of $769.00 million for the quarter, compared to analyst estimates of $756.25 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.Capri’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, equities analysts forecast that Capri will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPRI shares. Telsey Advisory Group lowered their price objective on shares of Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday. Robert W. Baird dropped their price target on shares of Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. UBS Group cut their target price on shares of Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company dropped their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.93.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Capri News Summary

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal Q1 2027 adjusted earnings of $0.67 per share, well above the $0.40 consensus estimate, while revenue of $769 million also exceeded expectations. Margin improvement and growth at Jimmy Choo helped offset weaker overall sales. Q1 earnings beat estimates
• Positive Sentiment: BTIG maintained a “buy” rating, although it lowered its price target from $30 to $25, leaving substantial implied upside based on the current trading level. BTIG price target update
• Neutral Sentiment: Analysts reduced their targets following the results: UBS cut its target to $17 from $20, Goldman Sachs to $18 from $21, and Telsey Advisory Group to $18 from $21. UBS and Goldman Sachs now rate the shares “neutral,” while Telsey rates them “market perform.” Analyst price target changes
• Negative Sentiment: Capri lowered its fiscal 2027 revenue outlook to approximately $3.4 billion, below the roughly $3.5 billion analyst consensus. Second-quarter revenue guidance of $780 million is also well below the $857 million consensus, while projected EPS of $0.20 trails expectations of $0.45. Capri cuts annual revenue forecast
• Negative Sentiment: The Michael Kors business remains the primary drag, with softer demand for handbags and accessories and inventory delays expected to pressure the second quarter. Revenue declined 3.5% year over year despite the earnings beat, reinforcing concerns about the recovery’s durability. Michael Kors weakness weighs on Capri

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPRI. Quantbot Technologies LP acquired a new stake in shares of Capri in the 2nd quarter valued at $39,000. Headlands Technologies LLC bought a new stake in Capri during the second quarter worth about $139,000. State of Wyoming bought a new position in shares of Capri in the second quarter valued at approximately $173,000. Corient Private Wealth LLC bought a new position in Capri in the 4th quarter valued at $201,000. Finally, Bayesian Capital Management LP acquired a new position in Capri in the second quarter worth $202,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.