Capri (NYSE:CPRI) Price Target Cut to $18.00 by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs lowered Capri’s price target to $18 from $21 while maintaining a “neutral” rating, implying approximately 13% upside from the stock’s $15.91 price.
• Analyst sentiment remains cautious: Capri has an average “Hold” rating and a consensus price target of $22.33, with recent target reductions from Barclays, Bank of America, UBS, and TD Cowen.
• Capri exceeded quarterly expectations, reporting EPS of $0.67 versus the $0.40 consensus and revenue of $769 million versus $756.25 million, though revenue declined 3.5% year over year.

Capri (NYSE:CPRI - Get Free Report) had its price target dropped by The Goldman Sachs Group from $21.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target suggests a potential upside of 13.12% from the stock's current price.

Several other research analysts have also recently weighed in on CPRI. Barclays reissued an "overweight" rating and set a $19.00 price target on shares of Capri in a research report on Thursday. Bank of America lowered their price objective on Capri from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 28th. UBS Group dropped their price target on shares of Capri from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 28th. BTIG Research reissued a "buy" rating and set a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. Finally, TD Cowen cut shares of Capri from a "buy" rating to a "hold" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Capri presently has an average rating of "Hold" and a consensus price target of $22.33.

Capri Trading Down 3.7%

Shares of Capri stock opened at $15.91 on Thursday. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.21 and a quick ratio of 0.60. The stock's 50 day simple moving average is $18.16 and its 200-day simple moving average is $19.21. The stock has a market cap of $1.83 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.30 and a beta of 1.41. Capri has a 1-year low of $15.19 and a 1-year high of $28.26.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly 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. Capri had a return on equity of 664.22% and a net margin of 3.94%.The firm had revenue of $769.00 million during the quarter, compared to analysts' expectations of $756.25 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. 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 predict that Capri will post 2.06 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Capri

A number of institutional investors have recently added to or reduced their stakes in CPRI. Royal Bank of Canada lifted its position in Capri by 70.0% during the first quarter. Royal Bank of Canada now owns 380,838 shares of the company's stock valued at $7,514,000 after buying an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Capri by 48.8% in the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company's stock worth $397,000 after acquiring an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Capri by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company's stock valued at $218,000 after acquiring an additional 1,313 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Capri by 22.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock valued at $15,084,000 after acquiring an additional 139,809 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Capri by 23.7% during the first 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. Hedge funds and other institutional investors own 84.34% 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 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

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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