BTIG Research Lowers Capri (NYSE:CPRI) Price Target to $25.00

Key Points

• BTIG Research lowered Capri’s price target to $25 from $30 but maintained a “buy” rating, implying 57.1% potential upside from the prior close.
• Analyst sentiment is mixed: Capri has an average “hold” rating and a consensus price target of $22.33, with several firms recently cutting targets or downgrading the stock.
• Capri’s latest quarterly results exceeded expectations, with EPS of $0.67 versus the $0.40 consensus and revenue of $769 million versus estimates of $756.25 million; however, revenue declined 3.5% year over year and shares fell 3.7%.

Capri (NYSE:CPRI - Get Free Report) had its target price dropped by research analysts at BTIG Research from $30.00 to $25.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 57.10% from the company's previous close.

Other research analysts also recently issued reports about the stock. Barclays reaffirmed an "overweight" rating and issued a $19.00 target price on shares of Capri in a research report on Thursday. Bank of America reduced their target price on shares of Capri from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 28th. Telsey Advisory Group reduced their price objective on Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Thursday. TD Cowen cut Capri from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, UBS Group lowered their target price on Capri from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $22.33.

Capri Trading Down 3.7%

Shares of NYSE:CPRI opened at $15.91 on Thursday. Capri has a 52 week low of $15.19 and a 52 week high of $28.26. The company's 50 day moving average is $18.16 and its two-hundred day moving average is $19.21. The company has a market cap of $1.83 billion, a PE ratio of 13.96, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts predict that Capri will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of Capri

Large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Capri by 70.0% in the 1st quarter. Royal Bank of Canada now owns 380,838 shares of the company's stock valued at $7,514,000 after acquiring an additional 156,757 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Capri by 48.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company's stock valued at $397,000 after purchasing an additional 6,595 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capri by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company's stock worth $218,000 after purchasing an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Capri by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock valued at $15,084,000 after buying an additional 139,809 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company's stock worth $8,337,000 after acquiring an additional 80,928 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal first-quarter EPS of $0.67, well above the $0.40 analyst consensus and up from $0.50 a year earlier. Revenue of $769 million also exceeded estimates of $756.25 million, providing evidence that recent cost controls or operational improvements are supporting profitability. Capri Holdings Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: JPMorgan maintained an “overweight” rating while lowering its price target from $29 to $22, suggesting the analyst still sees substantial long-term upside if Capri’s brands stabilize. JPMorgan Price Target Update

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source