Capri (NYSE:CPRI) Hits New 1-Year Low - What's Next?

Key Points

• Capri shares fell to a new 52-week low of $12.40, well below their 50-day and 200-day moving averages of $15.46 and $17.79, respectively.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, with an average price target of $21.93, although several firms recently lowered their targets while Wall Street Zen upgraded the stock to “Buy.”
• Capri beat quarterly expectations with EPS of $0.67 versus the $0.40 consensus and revenue of $769 million, but sales declined 3.5% year over year; institutional investors own 84.34% of the company.

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $12.40 and last traded at $12.6420, with a volume of 382549 shares. The stock had previously closed at $12.71.

Analyst Upgrades and Downgrades

Several research firms have commented on CPRI. Wall Street Zen raised Capri from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Telsey Advisory Group decreased their target price 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. UBS Group lowered their target price on Capri from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. The Goldman Sachs Group dropped their target price on Capri from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Finally, Raymond James Financial reissued an "outperform" rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.93.

Capri Price Performance

The business has a fifty day moving average of $15.46 and a 200 day moving average of $17.79. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market cap of $1.47 billion, a PE ratio of 9.93, a P/E/G ratio of 0.28 and a beta of 1.38.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.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 company posted $0.50 EPS. Capri's quarterly revenue was down 3.5% on a year-over-year basis. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Sell-side analysts anticipate that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Capri

Institutional investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC increased its holdings in Capri by 299.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company's stock valued at $27,000 after buying an additional 1,142 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Capri in the 2nd quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company's stock valued at $55,000 after acquiring an additional 1,638 shares during the last quarter. MidFirst Bank acquired a new stake in shares of Capri during the 4th quarter valued at approximately $77,000. Finally, Hantz Financial Services Inc. lifted its stake in Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company's stock worth $104,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors and hedge funds 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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