Capri Holdings Limited (NYSE:CPRI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts give Capri a "Hold" consensus — 15 brokerages cover the stock (1 sell, 7 hold, 6 buy, 1 strong buy) with an average 12-month target of $25.92 and recent divergent price-target moves (Goldman and Barclays cut to $24; JPMorgan raised to $31).
• Shares trade around $18.65 (50-day $19.07, 200-day $21.91) with a $2.22B market cap, negative P/E (-4.38) and net margin (-13.6%) despite a quarterly EPS beat of $0.81 on $1.03B revenue (revenue down 4% YoY).
• Insider buying noted: CEO John D. Idol purchased 55,000 shares at ~$17.98, raising his stake to ~2.26M shares; insiders own 2.3% while institutional investors hold about 84.3% of the stock.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has earned a consensus rating of "Hold" from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.9231.

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on Capri from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. Barclays dropped their price target on Capri from $32.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price target on Capri from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, April 13th. TD Cowen reiterated a "buy" rating on shares of Capri in a research note on Wednesday, February 4th. Finally, BTIG Research reiterated a "buy" rating and set a $30.00 price target on shares of Capri in a research note on Friday, January 30th.

Capri Trading Down 3.3%

Shares of NYSE:CPRI opened at $18.65 on Friday. The business's 50-day moving average is $19.07 and its 200 day moving average is $21.91. Capri has a 1 year low of $16.10 and a 1 year high of $28.26. The firm has a market capitalization of $2.22 billion, a P/E ratio of -4.38, a P/E/G ratio of 0.30 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, research analysts predict that Capri will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John D. Idol bought 55,000 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $17.98 per share, with a total value of $988,900.00. Following the completion of the acquisition, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently bought and sold shares of CPRI. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the third quarter valued at approximately $39,000. Quantbot Technologies LP purchased a new position in shares of Capri in the second quarter valued at approximately $39,000. Hantz Financial Services Inc. lifted its position in shares of Capri by 167.4% in the third quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company's stock valued at $54,000 after acquiring an additional 1,691 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company's stock valued at $55,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Capri in the third quarter valued at approximately $60,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.

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