Capri (NYSE:CPRI) Issues Q2 2026 Earnings Guidance

Key Points

• Capri (NYSE:CPRI) provided earnings guidance of 0.100-0.150 EPS for Q2 2026, significantly below the consensus estimate of 0.301, and revised revenue guidance to $815.0 million-$835.0 million, also lower than the market expectation.
• Shares of Capri declined by $1.07 to reach $19.77 amid midday trading, with a notable market cap of $2.33 billion and a P/E ratio of -1.99.
• Recent analyst activity shows mixed sentiment, with JPMorgan raising its price target to $21.00 while Barclays lowered it to $13.00, indicating a lack of consensus on the stock's performance.

Capri (NYSE:CPRI - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.100-0.150 for the period, compared to the consensus EPS estimate of 0.301. The company issued revenue guidance of $815.0 million-$835.0 million, compared to the consensus revenue estimate of $817.5 million. Capri also updated its FY 2026 guidance to 1.200-1.400 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of Capri from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Telsey Advisory Group restated a "market perform" rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Saturday. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $23.33.

Capri Trading Down 0.8%

NYSE:CPRI traded down $0.16 during mid-day trading on Monday, hitting $19.54. 1,424,078 shares of the company's stock were exchanged, compared to its average volume of 3,677,503. The firm has a market capitalization of $2.30 billion, a P/E ratio of -2.08, a PEG ratio of 0.42 and a beta of 1.72. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The company has a 50 day simple moving average of $18.30 and a 200-day simple moving average of $18.75.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to analyst estimates of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. Capri's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, research analysts expect that Capri will post 0.98 earnings per share for the current year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in Capri by 22.4% during the first 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 worth $8,337,000 after purchasing an additional 80,928 shares during the last quarter. Royal Bank of Canada raised its position 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 purchasing an additional 156,757 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Capri by 13.5% during 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. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.