Bank of America Cuts Capri (NYSE:CPRI) Price Target to $20.00

Key Points

• Bank of America cut its price target on Capri from $23 to $20 while keeping a neutral rating, implying modest upside from the previous close.
• Despite the lower target, Capri’s latest quarterly results were mixed: adjusted EPS of $0.22 beat estimates, but revenue fell 23.1% year over year and slightly missed expectations.
• Analyst sentiment remains cautious overall, with the stock carrying an average Hold rating and an average price target of $25.14, even as CEO John D. Idol recently made a notable insider purchase.

Capri (NYSE:CPRI - Get Free Report) had its price objective cut by Bank of America from $23.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Bank of America's price objective indicates a potential upside of 9.62% from the stock's previous close.

A number of other equities analysts have also weighed in on CPRI. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 target price on shares of Capri in a research report on Tuesday, February 3rd. BTIG Research reaffirmed a "buy" rating and set a $30.00 target price on shares of Capri in a research report on Thursday. Wells Fargo & Company lowered their target price on Capri from $27.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 4th. TD Cowen reiterated a "buy" rating on shares of Capri in a report on Wednesday, February 4th. Finally, Barclays decreased their price target on Capri from $32.00 to $24.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.14.

Capri Price Performance

Shares of NYSE:CPRI opened at $18.25 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07. Capri has a twelve month low of $16.22 and a twelve month high of $28.26. The stock's 50 day moving average is $18.77 and its 200-day moving average is $21.53. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -4.28, a PEG ratio of 0.29 and a beta of 1.43.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same period in the prior year, the firm earned ($4.90) earnings per share. Capri's revenue for the quarter was down 23.1% on a year-over-year basis. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. Sell-side analysts forecast that Capri will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling at Capri

In other Capri news, CEO John D. Idol bought 55,000 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the purchase, the chief executive officer directly owned 2,257,645 shares of the company's stock, valued at approximately $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC grew its stake in Capri by 92.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company's stock valued at $48,186,000 after purchasing an additional 1,314,611 shares during the period. Amundi bought a new position in Capri in the 1st quarter valued at $307,000. California State Teachers Retirement System grew its stake in Capri by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 134,602 shares of the company's stock valued at $2,372,000 after purchasing an additional 25,910 shares during the period. Empowered Funds LLC grew its stake in Capri by 59.9% in the 1st quarter. Empowered Funds LLC now owns 26,512 shares of the company's stock valued at $467,000 after purchasing an additional 9,932 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Capri by 105.4% in the 1st quarter. Quantinno Capital Management LP now owns 176,583 shares of the company's stock valued at $3,111,000 after purchasing an additional 90,600 shares during the period. Institutional investors own 84.34% of the company's stock.

Capri News Summary

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri posted adjusted EPS of $0.22 for fiscal Q4, more than double the $0.11 consensus estimate, signaling better-than-expected earnings performance. Article: Capri Holdings (CPRI) Q4 Earnings Surpass Estimates
• Positive Sentiment: The company raised FY27 EPS guidance to $2.15, above Wall Street’s estimate of $1.85, suggesting management sees continued earnings improvement ahead. Article: Capri Holdings Limited (CPRI) Q4 2026 Earnings Call Transcript
• Positive Sentiment: Investors also reacted to unusual bullish options activity, with call volume surging well above normal, which can reflect speculative optimism around the stock.
• Neutral Sentiment: Management’s Q1 FY27 EPS outlook of $0.40 topped expectations, but revenue guidance of $750 million came in below the consensus estimate of about $792.7 million, keeping the sales outlook cautious. Article: Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
• Negative Sentiment: Fourth-quarter revenue of $796 million missed expectations slightly and fell 23.1% year over year, reinforcing concerns that top-line growth remains weak despite the earnings beat. Article: Capri Holdings reports mixed financial results for the fourth quarter

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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