Capri (NYSE:CPRI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Capri from “hold” to “buy,” although the broader analyst consensus remains “Hold” with an average price target of $21.93.
• Capri’s latest quarterly results exceeded expectations, with earnings per share of $0.67 versus the $0.40 consensus estimate and revenue of $769 million; however, revenue declined 3.5% year over year.
• Shares opened at $13.60, near the company’s 12-month low of $12.56, while institutional investors hold approximately 84.34% of Capri’s outstanding stock.

Capri (NYSE:CPRI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued reports about the company. Barclays decreased their price target on Capri from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. cut their price objective on Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, August 4th. Robert W. Baird decreased their target price on Capri from $26.00 to $24.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. UBS Group lowered their target price on Capri from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.93.

Capri Trading Up 2.7%

NYSE CPRI opened at $13.60 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.46, a PEG ratio of 0.28 and a beta of 1.38. The firm's 50-day moving average is $15.79 and its two-hundred day moving average is $17.97. Capri has a 12 month low of $12.56 and a 12 month high of $28.26.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The business had revenue of $769.00 million during the quarter, compared to analysts' expectations of $757.61 million. During the same period last year, the business earned $0.50 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. 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, sell-side analysts anticipate that Capri will post 2.11 earnings per share for the current year.

Insider Activity

In related news, Director Stephen Reitman sold 17,981 shares of Capri stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Capri

A number of hedge funds have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC acquired a new stake in Capri in the first quarter valued at approximately $23,784,000. Vanguard Group Inc. grew its holdings in Capri by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company's stock worth $285,525,000 after acquiring an additional 121,209 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in Capri by 567.1% during the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company's stock worth $1,979,000 after acquiring an additional 68,933 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Capri by 74.0% in the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company's stock valued at $19,169,000 after purchasing an additional 334,107 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Capri in the 1st quarter valued at approximately $3,027,000. Institutional investors and hedge funds own 84.34% of the company's stock.

About Capri

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.

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