Capri (NYSE:CPRI) Issues FY 2026 Earnings Guidance

Capri (NYSE:CPRI - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.200-1.400 for the period. The company issued revenue guidance of $3.3 billion-$3.4 billion, compared to the consensus revenue estimate of $4.1 billion. Capri also updated its Q1 2026 guidance to 0.100-0.150 EPS.

Capri Trading Down 2.0%

Shares of CPRI traded down $0.37 on Friday, reaching $18.14. 3,286,106 shares of the company's stock were exchanged, compared to its average volume of 3,306,285. The business has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $20.06. Capri has a 12 month low of $11.86 and a 12 month high of $43.34. The stock has a market capitalization of $2.14 billion, a P/E ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period last year, the firm earned $0.42 EPS. Capri's quarterly revenue was down 15.4% on a year-over-year basis. Research analysts anticipate that Capri will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPRI. Wells Fargo & Company cut their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price objective (up from $17.00) on shares of Capri in a research note on Wednesday. Wall Street Zen cut Capri from a "hold" rating to a "sell" rating in a research report on Saturday. Guggenheim reaffirmed a "buy" rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Capri presently has a consensus rating of "Hold" and an average price target of $22.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Capri by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company's stock valued at $218,000 after buying an additional 1,313 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Capri by 48.8% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 acquiring an additional 80,928 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Capri by 22.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company's stock worth $15,084,000 after acquiring an additional 139,809 shares in the last quarter. Finally, Royal Bank of Canada grew its stake 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 in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.