Capri (NYSE:CPRI) Given New $24.00 Price Target at Barclays

Key Points

• Barclays raised Capri’s price target to $24 from $19 and maintained an “overweight” rating, implying approximately 19% upside from the prior close.
• Analyst sentiment remains mixed: Capri has an average “Hold” rating and a consensus target price of $22.53, despite several bullish ratings and recent target increases.
• Capri’s latest quarterly results exceeded expectations, with EPS of $0.42 versus a $0.21 consensus estimate and revenue of $809 million; however, revenue declined 5.5% year over year.

Capri (NYSE:CPRI - Get Free Report) had its target price lifted by analysts at Barclays from $19.00 to $24.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective suggests a potential upside of 18.97% from the stock's previous close.

A number of other research firms have also commented on CPRI. JPMorgan Chase & Co. reduced their price objective on shares of Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 4th. The Goldman Sachs Group lifted their target price on shares of Capri from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday. Raymond James Financial upgraded shares of Capri from an "outperform" rating to a "strong-buy" rating and set a $20.00 target price on the stock in a report on Friday, October 16th. Wells Fargo & Company upped their price target on shares of Capri from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Capri in a report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $22.53.

Capri Trading Up 8.0%

NYSE:CPRI traded up $1.49 during trading hours on Monday, hitting $20.17. 4,955,471 shares of the company were exchanged, compared to its average volume of 3,581,622. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.38 and a beta of 1.35. Capri has a one year low of $12.40 and a one year high of $28.26. The company has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $17.91. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 6.31.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The company had revenue of $809.00 million for the quarter, compared to analyst estimates of $786.55 million. Capri had a return on equity of 242.96% and a net margin of 6.12%. The firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share. Sell-side analysts expect that Capri will post 2.20 EPS for the current fiscal year.

Institutional Trading of Capri

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in Capri by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 11,863 shares of the company's stock valued at $168,000 after acquiring an additional 512 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Capri by 3.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,500 shares of the company's stock valued at $360,000 after buying an additional 856 shares during the last quarter. ARGA Investment Management LP increased its position in shares of Capri by 49.7% during the third quarter. ARGA Investment Management LP now owns 231,305 shares of the company's stock valued at $3,266,000 after acquiring an additional 76,760 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Capri during the 3rd quarter valued at $47,000. Finally, Evergreen Capital Management LLC bought a new stake in Capri in the third quarter worth about $195,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri News Summary

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Earnings beat and improved outlook: Capri exceeded quarterly earnings expectations as Jimmy Choo revenue growth and margin gains offset lower overall sales. The company also raised its fiscal 2027 outlook, providing a catalyst for the stock. CPRI Q2 Earnings Beat on Jimmy Choo Growth, FY'27 Outlook Raised
• Positive Sentiment: Operational improvements: Michael Kors reduced promotional days by approximately 50% during the quarter, while Jimmy Choo’s revenue increased 11.5% year over year. Lower discounting could support margins and brand positioning. Capri Holdings: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Market reaction to earnings: Reports noted that CPRI shares rallied and gapped higher after the earnings turnaround, indicating that investors viewed the results and outlook as better than feared. Capri Holdings Stock Price Rallies on Q2 Earnings Turnaround
• Neutral Sentiment: Analyst coverage remains cautious: TD Cowen initiated coverage with a “Hold” rating, suggesting limited conviction that the recent rebound will translate into sustained upside. Capri Stock Rated Hold in New Coverage at TD Cowen
• Negative Sentiment: Price targets trail the market price: Goldman Sachs raised its target to $20 but kept a “Neutral” rating, while Wells Fargo lifted its target to $18 and maintained “Equal Weight.” Both targets imply limited or negative upside from recent levels. Goldman Sachs Capri Price Target Wells Fargo Capri Price Target

About Capri

Capri Holdings Limited NYSE: CPRI is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri's principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.