Capri - CPRI Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Capri in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CPRI shares.
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16 brokerages have issued 1 year target prices for Capri's shares. Their CPRI share price forecasts range from $55.00 to $99.00. On average, they anticipate the company's stock price to reach $70.44 in the next year. This suggests a possible upside of 38.8% from the stock's current price.
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Capri's stock was trading at $64.91 at the beginning of the year. Since then, CPRI shares have decreased by 21.8% and is now trading at $50.73.
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Capri saw a decline in short interest in June. As of June 30th, there was short interest totaling 6,540,000 shares, a decline of 26.3% from the June 15th total of 8,870,000 shares. Based on an average daily volume of 2,480,000 shares, the short-interest ratio is currently 2.6 days. Currently, 4.7% of the shares of the stock are short sold.
View Capri's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CPRI earnings forecast.

Capri Holdings Limited (NYSE:CPRI) announced its quarterly earnings results on Tuesday, August, 9th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.36 by $0.14. The company earned $1.36 billion during the quarter, compared to analysts' expectations of $1.30 billion. Capri had a trailing twelve-month return on equity of 36.48% and a net margin of 14.54%. The company's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 earnings per share.

Capri announced that its board has approved a share repurchase program on Wednesday, June 1st 2022, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 13.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Capri updated its FY23 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $6.85 for the period, compared to the consensus earnings per share estimate of $6.74. The company issued revenue guidance of $5.85 billion, compared to the consensus revenue estimate of $5.84 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 a variety of institutional and retail investors. Top institutional shareholders include Pictet Asset Management SA (1.71%), ARGA Investment Management LP (1.22%), Ardevora Asset Management LLP (0.73%), Vaughan Nelson Investment Management L.P. (0.37%), Retirement Systems of Alabama (0.26%) and Swiss National Bank (0.24%). Insiders that own company stock include Daniel Purefoy, John D Idol, 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 $50.73.

Capri (NYSE:CPRI) has a market capitalization of $7.24 billion and generates $5.65 billion in revenue each year. The company earns $822 million in net income (profit) each year or $5.36 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.