Telsey Advisory Group Has Lowered Expectations for Capri (NYSE:CPRI) Stock Price

Key Points

• Telsey Advisory Group cut Capri’s price target from $21 to $18 while maintaining a “market perform” rating, implying roughly 13% upside from the stock’s $15.91 opening price.
• Analyst sentiment remains mixed but averages to a “Hold” rating, with a consensus price target of $23.13; targets from other firms range from $20 to $30.
• Capri exceeded quarterly expectations, reporting adjusted EPS of $0.67 versus the $0.40 consensus and revenue of $769 million versus $756.25 million, though revenue declined 3.5% year over year.

Capri (NYSE:CPRI - Get Free Report) had its target price reduced by investment analysts at Telsey Advisory Group from $21.00 to $18.00 in a research note issued to investors on Thursday. The brokerage presently has a "market perform" rating on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 13.12% from the company's current price.

Several other equities analysts have also recently weighed in on CPRI. Raymond James Financial restated an "outperform" rating and issued a $22.00 price objective on shares of Capri in a report on Thursday, May 28th. Barclays decreased their price target on Capri from $24.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. BTIG Research reiterated a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Thursday, May 28th. TD Cowen decreased their target price on shares of Capri from $26.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Finally, UBS Group lowered their target price on shares of Capri from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.13.

Capri Price Performance

Shares of CPRI opened at $15.91 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. Capri has a twelve month low of $15.19 and a twelve month high of $28.26. The stock has a market capitalization of $1.83 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a 50 day moving average of $18.16 and a 200-day moving average of $19.21.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.27. Capri had a net margin of 3.94% and a return on equity of 664.22%. The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $756.25 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts forecast that Capri will post 2.06 EPS for the current fiscal year.

Insider Transactions at Capri

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capri

A number of large investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC acquired a new position in shares of Capri in the first quarter valued at approximately $23,784,000. M&T Bank Corp lifted its holdings in Capri by 1,288.6% during the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company's stock worth $3,884,000 after purchasing an additional 147,721 shares during the last quarter. Vanguard Group Inc. boosted its stake in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company's stock valued at $285,525,000 after purchasing an additional 121,209 shares during the period. Fox Run Management L.L.C. boosted its stake in Capri by 567.1% in 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 purchasing an additional 68,933 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Capri by 74.0% in the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company's stock valued at $19,169,000 after buying an additional 334,107 shares in the last quarter. Institutional investors own 84.34% of the company's stock.

Trending Headlines about Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal Q1 2027 adjusted earnings of $0.67 per share, exceeding the $0.40 consensus estimate and improving from $0.50 a year earlier. Revenue of $769 million also topped expectations of approximately $756 million. Capri Holdings Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Full-year EPS guidance of $2.15 is modestly above the roughly $2.13 analyst consensus, indicating management still expects profitability to hold up despite near-term sales challenges. Capri Holdings Announces First Quarter Fiscal 2027 Results

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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