Capri (NYSE:CPRI) Updates FY 2026 Earnings Guidance

Capri (NYSE:CPRI - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday. Telsey Advisory Group restated a "market perform" rating and set a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday. Robert W. Baird reduced their target price on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, UBS Group raised their target price on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $22.50.

Capri Stock Down 2.0%

Shares of CPRI traded down $0.37 on Friday, hitting $18.14. The company's stock had a trading volume of 3,286,106 shares, compared to its average volume of 3,299,322. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The firm's fifty day moving average price is $16.33 and its 200-day moving average price is $20.06. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.12, a P/E/G ratio of 7.80 and a beta of 1.64.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Capri's revenue for the quarter was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Capri will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $218,000 after acquiring an additional 1,313 shares during the period. Integrated Wealth Concepts LLC raised its stake in Capri by 48.8% in 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 during the period. Royal Bank of Canada raised its stake in Capri by 70.0% in the 1st quarter. Royal Bank of Canada now owns 380,838 shares of the company's stock valued at $7,514,000 after acquiring an additional 156,757 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Capri by 23.7% in 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 valued at $8,337,000 after acquiring an additional 80,928 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Capri by 22.4% in 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 during the period. Institutional investors own 84.34% of the company's stock.

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.