Capri (NYSE:CPRI) Reaches New 12-Month Low - Here's What Happened

Key Points

• Capri shares fell 4.5% to a new 52-week low of $14.76, below both its 50-day and 200-day moving averages.
• Analysts broadly turned more cautious, cutting price targets to $16–$18 and maintaining an overall “Hold” consensus, despite an average target of $21.93.
• Capri beat quarterly EPS estimates, reporting $0.67 versus $0.40 expected, but revenue declined 3.5% year over year to $769 million.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $14.76 and last traded at $14.8010, with a volume of 1515914 shares changing hands. The stock had previously closed at $15.34.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings raised Capri from a "sell (e+)" rating to a "sell (d)" rating in a research note on Thursday, May 28th. The Goldman Sachs Group decreased their price target on Capri from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Wells Fargo & Company lowered their price target on Capri from $20.00 to $16.00 and set an "equal weight" rating for the company in a report on Wednesday, July 15th. TD Cowen downgraded Capri from a "buy" rating to a "hold" rating and cut their price objective for the stock from $20.00 to $17.00 in a research report on Thursday, August 6th. Finally, Telsey Advisory Group cut their price objective on Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.93.

Capri Stock Down 4.5%

The company has a market capitalization of $1.66 billion, a PE ratio of 11.27, a PEG ratio of 0.33 and a beta of 1.41. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27. The business has a fifty day moving average of $17.69 and a 200 day moving average of $18.75.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. 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 research analysts anticipate that Capri Holdings Limited will post 2.11 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CPRI. Arrowstreet Capital Limited Partnership acquired a new position in shares of Capri in the 4th quarter valued at $53,759,000. Norges Bank acquired a new position in Capri in the fourth quarter valued at $50,228,000. Cooper Creek Partners Management LLC acquired a new position in Capri in the 1st quarter valued at about $23,784,000. Segall Bryant & Hamill LLC increased its position in Capri by 92.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company's stock valued at $48,186,000 after acquiring an additional 1,314,611 shares during the period. Finally, State Street Corp raised its stake in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company's stock valued at $79,282,000 after acquiring an additional 724,967 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

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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