Capri (NYSE:CPRI) Trading 8.2% Higher - What's Next?

Key Points

• Capri shares jumped 8.2% to about $13.94 in mid-day trading, with volume 15% above the average.
• Analyst sentiment remains mixed: Capri has a consensus “Hold” rating and an average price target of $21.93, although recent target cuts range from $17 to $25.
• Capri exceeded quarterly expectations, reporting $0.67 EPS versus $0.40 expected and $769 million in revenue versus $757.61 million expected, despite a 3.5% year-over-year revenue decline.

Capri Holdings Limited (NYSE:CPRI - Get Free Report)'s stock price rose 8.2% during mid-day trading on Friday . The company traded as high as $13.81 and last traded at $13.9350. 3,863,590 shares traded hands during trading, an increase of 15% from the average daily volume of 3,361,996 shares. The stock had previously closed at $12.88.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPRI. Raymond James Financial restated an "outperform" rating and set a $22.00 target price on shares of Capri in a report on Thursday, May 28th. Barclays decreased their price target on Capri from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. UBS Group dropped their price objective on Capri from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. BTIG Research cut their target price on shares of Capri from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Finally, Telsey Advisory Group lowered their price target on shares of Capri from $21.00 to $18.00 and set a "market perform" 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 company has a consensus rating of "Hold" and a consensus target price of $21.93.

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 business has a 50-day simple moving average of $15.33 and a 200 day simple moving average of $17.72. The firm has a market cap of $1.58 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.27 and a beta of 1.38.

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, topping 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 firm had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. During the same period last year, the company earned $0.50 EPS. The business's quarterly revenue was down 3.5% compared to the same quarter last year. 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, analysts anticipate that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC increased its position 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 acquiring an additional 550 shares during the period. Empowered Funds LLC lifted its position in Capri by 3.4% during the 4th quarter. Empowered Funds LLC now owns 16,580 shares of the company's stock worth $405,000 after acquiring an additional 550 shares during the period. Rockefeller Capital Management L.P. grew its stake in Capri by 14.8% during 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. Oregon Public Employees Retirement Fund increased its holdings in shares of Capri by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company's stock valued at $431,000 after purchasing an additional 600 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Capri by 0.7% in the second quarter. California State Teachers Retirement System now owns 108,789 shares of the company's stock valued at $1,926,000 after purchasing an additional 734 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

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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