The Goldman Sachs Group Upgrades Capri (NYSE:CPRI) to Hold

Capri (NYSE:CPRI) was upgraded by equities researchers at The Goldman Sachs Group to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

CPRI has been the subject of a number of other research reports. Raymond James Financial upgraded shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Tuesday, October 21st. Telsey Advisory Group upped their price target on shares of Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Capri in a research report on Wednesday, October 8th. BTIG Research initiated coverage on Capri in a research note on Tuesday, October 14th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on Capri from $20.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Capri has an average rating of “Hold” and an average price target of $27.00.

Capri Stock Down 0.1%

Shares of Capri stock opened at $26.15 on Thursday. Capri has a 12 month low of $11.86 and a 12 month high of $28.26. The stock has a market cap of $3.12 billion, a PE ratio of -2.66, a price-to-earnings-growth ratio of 0.52 and a beta of 1.45. The business has a fifty day simple moving average of $24.39 and a 200-day simple moving average of $21.64.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.17). Capri had a negative return on equity of 138.53% and a negative net margin of 29.55%.The business had revenue of $856.00 million during the quarter, compared to analysts’ expectations of $825.74 million. 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 expect that Capri will post 0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Capri news, CFO Rajal Mehta sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total value of $259,600.00. Following the completion of the sale, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. The trade was a 93.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPRI. Arizona State Retirement System boosted its position in Capri by 1.4% during the third quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock worth $695,000 after purchasing an additional 483 shares during the period. Amalgamated Bank lifted its stake in shares of Capri by 1.2% in the third quarter. Amalgamated Bank now owns 52,398 shares of the company’s stock worth $1,044,000 after buying an additional 616 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Capri by 17.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,349 shares of the company’s stock worth $87,000 after buying an additional 632 shares during the period. CWM LLC grew its stake in Capri by 37.2% in the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after buying an additional 640 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Capri by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,906 shares of the company’s stock valued at $317,000 after buying an additional 671 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

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.