Capri (NYSE:CPRI) Hits New 12-Month Low - Should You Sell?

Key Points

• Capri shares fell to a new 52-week low of $12.83, well below their 50-day and 200-day moving averages of $16.27 and $18.16, respectively.
• Analyst sentiment is cautious: Capri has a consensus rating of “Hold” and an average price target of $21.93, although recent firms lowered their targets while maintaining mostly neutral or positive ratings.
• The company exceeded quarterly expectations with $0.67 in earnings per share versus a $0.40 estimate and $769 million in revenue, but revenue declined 3.5% year over year; insiders own 2.6% while institutional investors hold 84.34%.

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.83 and last traded at $12.8080, with a volume of 247970 shares. The stock had previously closed at $13.25.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Telsey Advisory Group reduced their price objective on Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Thursday, August 6th. UBS Group lowered their target price on Capri from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Raymond James Financial reiterated an "outperform" rating and issued a $22.00 target price on shares of Capri in a report on Thursday, May 28th. Bank of America reduced their price target on shares of Capri from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 28th. Finally, Barclays decreased their price target on shares of Capri from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.93.

Capri Price Performance

The firm has a market cap of $1.48 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.29 and a beta of 1.41. The company has a fifty day moving average of $16.27 and a 200-day moving average of $18.16. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.27. The business had revenue of $769.00 million for the quarter, compared to analysts' expectations of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%.The business's revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, sell-side analysts anticipate that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the company's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC grew its holdings in shares of 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 acquiring an additional 1,142 shares in the last quarter. Quantbot Technologies LP bought a new stake in Capri during the second quarter worth $39,000. Caitong International Asset Management Co. Ltd lifted its holdings in Capri by 273.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company's stock worth $55,000 after acquiring an additional 1,638 shares during the period. MidFirst Bank purchased a new position in Capri in the fourth quarter worth $77,000. Finally, Hantz Financial Services Inc. boosted its position in Capri by 57.9% in 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. Hedge funds and other institutional investors own 84.34% of the company's stock.

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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