Capri (NYSE:CPRI) Shares Gap Up - Here's Why

Key Points

• Capri shares jumped 9.6%, opening at $14.94 versus a prior close of $14.31 and later trading near $15.94.
• Analyst sentiment remains mixed: Capri has a consensus rating of “Hold” and an average price target of $21.93, following several target reductions and one recent upgrade to “Buy.”
• Capri’s latest quarterly results exceeded expectations, with EPS of $0.67 versus the $0.40 consensus and revenue of $769 million; however, revenue declined 3.5% year over year. Institutional investors own 84.34% of the stock.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $14.31, but opened at $14.94. Capri shares last traded at $15.9420, with a volume of 1,422,214 shares changing hands.

Analyst Ratings Changes

CPRI has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Capri in a research report on Tuesday, August 25th. TD Cowen lowered Capri from a "buy" rating to a "hold" rating and dropped their target price for the stock from $20.00 to $17.00 in a report on Thursday, August 6th. Bank of America reduced their price target on Capri from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 28th. Wall Street Zen upgraded Capri from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Barclays cut their target price on shares of Capri from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $21.93.

Capri Trading Up 9.6%

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.32 and a beta of 1.38. The company has a fifty day moving average of $14.77 and a 200-day moving average of $17.44. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.40 by $0.27. The firm had revenue of $769.00 million during 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 firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. As a group, equities research analysts anticipate that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company's stock worth $105,000 after acquiring an additional 555 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in 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 acquiring an additional 600 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Capri by 8.7% during the 2nd quarter. GAMMA Investing LLC now owns 12,274 shares of the company's stock valued at $228,000 after purchasing an additional 987 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Capri by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 26,056 shares of the company's stock valued at $636,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in shares of Capri by 299.7% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company's stock worth $27,000 after purchasing an additional 1,142 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 fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.

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