JPMorgan Chase & Co. Lowers Capri (NYSE:CPRI) Price Target to $29.00

Key Points

• JPMorgan Chase & Co. cut its price target on Capri from $31 to $29 while keeping an overweight rating, implying about 47% upside from the prior close.
• Capri’s shares rose to $19.68 on Thursday, and the stock has traded between a 12-month low of $16.22 and a high of $28.26.
• In its latest quarterly results, Capri beat EPS estimates at $0.22 versus $0.11 expected, but revenue of $796 million missed forecasts and fell 23.1% year over year.

Capri (NYSE:CPRI - Get Free Report) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $31.00 to $29.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 47.35% from the stock's previous close.

CPRI has been the topic of a number of other research reports. Robert W. Baird raised Capri from a "neutral" rating to an "outperform" rating and set a $26.00 price objective on the stock in a research note on Wednesday, February 4th. Raymond James Financial restated an "outperform" rating and issued a $22.00 target price on shares of Capri in a research report on Thursday. Telsey Advisory Group reduced their target price on Capri from $23.00 to $21.00 and set a "market perform" rating on the stock in a research report on Thursday. UBS Group restated a "neutral" rating and issued a $20.00 target price on shares of Capri in a research report on Thursday. Finally, Wells Fargo & Company reduced their target price on Capri from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of "Hold" and a consensus target price of $24.79.

Capri Price Performance

CPRI traded up $1.41 during trading on Thursday, hitting $19.68. The company's stock had a trading volume of 6,424,422 shares, compared to its average volume of 3,068,615. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. Capri has a twelve month low of $16.22 and a twelve month high of $28.26. The business's fifty day simple moving average is $18.77 and its 200 day simple moving average is $21.53. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.65, a P/E/G ratio of 0.29 and a beta of 1.43.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.11. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The business's revenue was down 23.1% on a year-over-year basis. During the same period in the previous year, the company posted ($4.90) earnings per share. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, equities research analysts forecast that Capri will post 1.39 EPS for the current fiscal year.

Insider Activity at Capri

In other Capri news, CEO John D. Idol bought 55,000 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $17.98 per share, with a total value of $988,900.00. Following the acquisition, the chief executive officer directly owned 2,257,645 shares of the company's stock, valued at $40,592,457.10. The trade was a 2.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Capri by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 34,894 shares of the company's stock valued at $695,000 after purchasing an additional 483 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Capri by 3.4% in the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company's stock valued at $405,000 after purchasing an additional 550 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Capri by 1.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company's stock valued at $1,018,000 after purchasing an additional 550 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Capri by 14.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company's stock valued at $105,000 after purchasing an additional 555 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Capri by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company's stock valued at $431,000 after buying an additional 600 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat Q4 EPS estimates, reporting $0.22 per share versus $0.11 expected, while management also pointed to improving trends at Michael Kors and Jimmy Choo and projected FY2027 growth. Article link
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and kept a $30 price target, implying significant upside from current levels. Article link
• Neutral Sentiment: Unusual options activity showed heavy call buying, suggesting some traders are positioning for additional upside after earnings. Article link
• Neutral Sentiment: Capri’s full-year and first-quarter guidance was mixed: FY2027 EPS outlook topped expectations, but Q1 revenue guidance came in below consensus, tempering enthusiasm. Article link
• Negative Sentiment: Revenue came in slightly below estimates and fell 23.1% year over year, reinforcing concerns about demand weakness despite the earnings beat. Article link
• Negative Sentiment: Analysts turned more cautious overall, with Bank of America cutting its price target to $20 and Telsey Advisory Group lowering its target to $21, both while maintaining neutral/market-perform views. Article link Article link

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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