Capri Holdings Limited (NYSE:CPRI) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts give Capri an average recommendation of Hold from 15 firms (1 sell, 7 hold, 6 buy, 1 strong buy) with an average 1‑year price target of $25.85.
• Capri beat quarterly estimates—$0.81 EPS vs. $0.78 expected and $1.03B revenue vs. $999.8M expected—but revenue was down 4% year‑over‑year and the company reported a negative net margin and return on equity.
• CEO John D. Idol bought 55,000 shares at about $17.98 (~$988,900), increasing his stake by 2.5%, while institutional investors own roughly 84% of the stock.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) has been given an average recommendation of "Hold" by the fifteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.8462.

CPRI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Capri from $27.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Capri in a research note on Wednesday, January 21st. TD Cowen reiterated a "buy" rating on shares of Capri in a research note on Wednesday, February 4th. Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 price objective on shares of Capri in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $24.00 price objective on shares of Capri in a research note on Tuesday, January 6th.

Capri Stock Up 0.1%

Shares of NYSE CPRI opened at $19.90 on Monday. Capri has a one year low of $13.00 and a one year high of $28.26. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52. The business's fifty day moving average price is $19.28 and its 200-day moving average price is $21.97. The stock has a market capitalization of $2.37 billion, a PE ratio of -4.67, a P/E/G ratio of 0.31 and a beta of 1.46.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.03. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $999.84 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Capri will post 0.98 EPS for the current year.

Insider Activity

In related news, CEO John D. Idol acquired 55,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the purchase, the chief executive officer owned 2,257,645 shares in the company, valued at $40,592,457.10. This trade represents a 2.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new position in Capri in the 3rd quarter worth about $39,000. Quantbot Technologies LP bought a new position in Capri in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd increased its stake in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company's stock worth $55,000 after acquiring an additional 1,638 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Capri by 167.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company's stock worth $54,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Capri in the 3rd quarter worth about $60,000. 84.34% of the stock is currently owned by institutional investors.

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.

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.