Capri (NYSE:CPRI) Trading Down 3.7% - What's Next?

Key Points

• Capri shares fell 3.7% to about $14.20, with trading volume down 93% versus the average session. The stock remains below its 200-day moving average of $17.47.
• Analyst sentiment is mixed but leans neutral: Capri has an average “Hold” rating and a $21.93 price target, though Bank of America, Goldman Sachs, and Telsey Advisory Group recently lowered their targets.
• Capri beat quarterly earnings and revenue expectations, reporting $0.67 EPS versus a $0.40 consensus estimate, but revenue declined 3.5% year over year. Institutional investors own 84.34% of the company’s stock.

Shares of Capri Holdings Limited (NYSE:CPRI - Get Free Report) dropped 3.7% on Monday . The stock traded as low as $14.17 and last traded at $14.2030. Approximately 260,723 shares were traded during trading, a decline of 93% from the average session volume of 3,523,042 shares. The stock had previously closed at $14.75.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Capri from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. The Goldman Sachs Group reduced their price target on shares of Capri from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price objective on shares of Capri in a research report on Thursday, May 28th. Telsey Advisory Group dropped their price objective on shares of Capri from $21.00 to $18.00 and set a "market perform" rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Capri in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Capri presently has an average rating of "Hold" and an average target price of $21.93.

Capri Trading Down 6.0%

The business's 50 day simple moving average is $14.84 and its 200 day simple moving average is $17.47. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.32 and a beta of 1.38. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data 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. The company 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 business's revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $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. On average, research analysts expect that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC bought a new stake in shares of Capri during the first quarter worth $23,784,000. Fox Run Management L.L.C. boosted its holdings in shares of Capri by 567.1% during the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company's stock valued at $1,979,000 after acquiring an additional 68,933 shares in the last quarter. BNP Paribas Financial Markets grew its position in Capri by 74.0% during the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company's stock worth $19,169,000 after acquiring an additional 334,107 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Capri during the 1st quarter worth $3,027,000. Finally, Quantinno Capital Management LP increased its holdings in Capri by 105.4% in the 1st quarter. Quantinno Capital Management LP now owns 176,583 shares of the company's stock worth $3,111,000 after purchasing an additional 90,600 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 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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