Capri (NYSE:CPRI) Hits New 12-Month Low Following Analyst Downgrade

Key Points

• Capri shares hit a new 52-week low of $15.17 after BTIG Research cut its price target from $30 to $25, though it maintained a Buy rating. The stock closed at $15.24, down from $16.02.
• Several analysts also reduced their targets, with Goldman Sachs downgrading Capri to Neutral and TD Cowen cutting its rating to Hold. The consensus view is Hold, with an average target price of $22.13.
• Capri beat first-quarter earnings and revenue expectations, but its outlook was weak: second-quarter EPS and revenue guidance came in well below consensus, while management cited inventory delays and softer demand for higher-priced Michael Kors products.

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price reached a new 52-week low on Thursday after BTIG Research lowered their price target on the stock from $30.00 to $25.00. BTIG Research currently has a buy rating on the stock. Capri traded as low as $15.17 and last traded at $15.24, with a volume of 2570389 shares traded. The stock had previously closed at $16.02.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lowered their target price on shares of Capri from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays lowered their price target on Capri from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday. Wells Fargo & Company dropped their price objective on Capri from $20.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 15th. Raymond James Financial reiterated an "outperform" rating and set a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. Finally, TD Cowen cut Capri from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $22.13.

Insider Buying and Selling at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

More Capri News

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 consensus estimate, while revenue of $769 million also exceeded expectations of $756.25 million. EPS increased from $0.50 in the prior-year quarter. Capri Holdings Surpasses Q1 Earnings and Revenue Estimates
• Neutral Sentiment: BTIG Research maintained a Buy rating but reduced its price target from $30 to $25, leaving substantial implied upside. The target cut nevertheless signals more cautious expectations following the results. The Fly analyst update
• Neutral Sentiment: Goldman Sachs lowered its target from $21 to $18 and changed its rating to Neutral. Telsey Advisory Group also cut its target from $21 to $18 while retaining a Market Perform rating, reflecting limited conviction despite targets remaining above the current share price. Benzinga analyst updates
• Negative Sentiment: Capri’s second-quarter fiscal 2027 outlook fell well short of consensus: EPS guidance of $0.20 versus $0.45 expected and revenue guidance of $780 million versus $857 million. Full-year revenue guidance of approximately $3.4 billion was also below the $3.5 billion consensus, although full-year EPS guidance of $2.15 was slightly above estimates. Capri cuts annual revenue forecast
• Negative Sentiment: Management cited inventory delays at Michael Kors and softer demand for higher-priced handbags and accessories in some markets. Revenue declined 3.5% year over year, reinforcing concerns that the brand’s weakness could weigh on Capri’s recovery. Capri falls after Michael Kors drags on results

Institutional Investors Weigh In On Capri

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

Capri Stock Performance

The firm's 50 day simple moving average is $18.16 and its 200-day simple moving average is $19.21. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21.

Capri (NYSE:CPRI - Get Free Report) last issued 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. The business had revenue of $769.00 million for the quarter, compared to the consensus estimate 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 previous 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. Analysts expect that Capri Holdings Limited will post 2.06 EPS for the current year.

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.

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