Capri - CPRI Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Capri in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CPRI shares.
View CPRI analyst ratings or view top-rated stocks.

16 Wall Street analysts have issued 1 year price targets for Capri's stock. Their CPRI share price forecasts range from $54.00 to $99.00. On average, they expect the company's share price to reach $68.00 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for CPRI or view top-rated stocks among Wall Street analysts.

Capri's stock was trading at $64.91 at the beginning of 2022. Since then, CPRI shares have decreased by 9.6% and is now trading at $58.70.
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Capri saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 5,960,000 shares, a decrease of 7.9% from the October 31st total of 6,470,000 shares. Based on an average trading volume of 1,910,000 shares, the short-interest ratio is currently 3.1 days. Approximately 4.7% of the company's shares are short sold.
View Capri's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our CPRI earnings forecast.

Capri Holdings Limited (NYSE:CPRI) released its quarterly earnings results on Wednesday, November, 9th. The company reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.25. The business earned $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Capri had a net margin of 14.10% and a trailing twelve-month return on equity of 38.60%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS.

Capri announced that its board has initiated a share buyback plan on Wednesday, November 9th 2022, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 14.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Capri issued an update on its third quarter 2023 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $2.20-$2.20 for the period, compared to the consensus earnings per share estimate of $2.43. The company issued revenue guidance of $1.53 billion-$1.53 billion, compared to the consensus revenue estimate of $1.64 billion.

535 employees have rated Capri Chief Executive Officer John Idol on Glassdoor.com. John Idol has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Capri investors own include Gilead Sciences (GILD), Netflix (NFLX), Starbucks (SBUX), Tesla (TSLA), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), Walt Disney (DIS), Twitter (TWTR) and Alibaba Group (BABA).

Capri trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPRI."

Capri's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.57%), BlackRock Inc. (9.80%), Senvest Management LLC (5.12%), State Street Corp (3.34%), Primecap Management Co. CA (2.77%) and Pictet Asset Management SA (1.94%). Insiders that own company stock include Daniel Purefoy, John D Idol, Judy Gibbons, Krista A Mcdonough, Stephen F Reitman, Thomas Jr Edwards and Thomas Tu.
View institutional ownership trends.

Shares of CPRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPRI stock can currently be purchased for approximately $58.70.

Capri (NYSE:CPRI) has a market capitalization of $7.56 billion and generates $5.65 billion in revenue each year. The company earns $822 million in net income (profit) each year or $5.68 on an earnings per share basis.

The company employs 14,600 workers across the globe.

Capri's mailing address is 33 KINGSWAY, LONDON X0, WC2B 6UF. The official website for the company is www.capriholdings.com. The company can be reached via phone at 442076328600, via email at investorrelations@capriholdings.com, or via fax at 852-3928-5697.