Capri (NYSE:CPRI) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Capri shares crossed above their 200-day moving average, reaching $19.14 compared with the $17.91 average, amid elevated trading volume.
• Quarterly results exceeded expectations: adjusted EPS was $0.42 versus $0.21 expected, revenue reached $809 million, and net income improved to $27 million. Jimmy Choo revenue rose 11.5%, although total sales declined 5.5% year over year, led by an 8.6% drop at Michael Kors.
• Management raised its fiscal 2027 adjusted-revenue outlook to approximately $3.42 billion and repurchased $150 million of stock, but analysts remain cautious: the consensus rating is Hold with an average price target of $21.80, while several firms recently lowered their targets.

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.91 and traded as high as $19.14. Capri shares last traded at $18.5240, with a volume of 9,812,166 shares traded.

Capri News Summary

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported quarterly adjusted earnings of $0.42 per share, well above the $0.21 analyst consensus and sharply ahead of the $0.03 loss recorded a year earlier. Revenue of $809 million also exceeded estimates of $786.55 million. Capri Holdings Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Profitability improved substantially: net income reached $27 million versus a $34 million loss in the prior-year quarter, while gross margin expanded to 63.3% from 61.0%. Operating income also returned to positive territory. Capri Reports Revenue and Quarterly Net Income
• Positive Sentiment: Management raised its fiscal 2027 outlook, expecting approximately $3.42 billion in adjusted revenue. Capri also repurchased about 10.3 million shares for $150 million, supporting per-share results and signaling confidence in the recovery. Capri Holdings Fiscal 2027 Second-Quarter Earnings Presentation
• Positive Sentiment: Jimmy Choo was a notable bright spot, with revenue increasing 11.5% to $146 million, partially offsetting weakness elsewhere in the portfolio.
• Negative Sentiment: Total revenue still declined 5.5% year over year, and Michael Kors revenue fell 8.6% to $663 million, highlighting ongoing brand and demand challenges. Capri also ended the quarter with $461 million of borrowings and $125 million in cash. Capri Holdings Key Second-Quarter Metrics

Analysts Set New Price Targets

Several analysts recently weighed in on CPRI shares. BTIG Research dropped their price target on Capri from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Jefferies Financial Group restated a "hold" rating on shares of Capri in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. lowered their price target on shares of Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 4th. Telsey Advisory Group dropped their price objective on shares of Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company cut their price target on Capri from $20.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.80.

Capri Price Performance

The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.34 and a beta of 1.35. The business has a fifty day moving average price of $14.62 and a 200 day moving average price of $17.91.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $809.00 million for the quarter, compared to the consensus estimate of $786.55 million. During the same period last year, the company posted ($0.03) EPS. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cooper Creek Partners Management LLC bought a new position in Capri during the 1st quarter valued at approximately $23,784,000. Segall Bryant & Hamill LLC grew its stake in shares of Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company's stock worth $48,186,000 after acquiring an additional 1,314,611 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Capri by 34.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company's stock worth $38,154,000 after acquiring an additional 557,955 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Capri in the 1st quarter worth about $7,695,000. Finally, SummitTX Capital L.P. boosted its stake in Capri by 222.3% in the 1st quarter. SummitTX Capital L.P. now owns 569,054 shares of the company's stock worth $10,027,000 after purchasing an additional 392,517 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

About Capri

Capri Holdings Limited NYSE: CPRI is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri's principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.

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