Capri - CPRI Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Capri in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CPRI shares.
View CPRI analyst ratings or view top-rated stocks.

14 equities research analysts have issued twelve-month price targets for Capri's stock. Their CPRI share price forecasts range from $55.00 to $70.00. On average, they predict the company's share price to reach $62.64 in the next twelve months. This suggests a possible upside of 44.5% 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 $57.32 at the beginning of the year. Since then, CPRI stock has decreased by 24.4% and is now trading at $43.34.
View the best growth stocks for 2023 here.

Capri saw a drop in short interest in March. As of March 15th, there was short interest totaling 3,390,000 shares, a drop of 27.1% from the February 28th total of 4,650,000 shares. Based on an average daily trading volume, of 2,580,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.8% of the company's stock are short sold.
View Capri's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our CPRI earnings forecast.

Capri Holdings Limited (NYSE:CPRI) posted its earnings results on Wednesday, February, 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.21 by $0.37. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.54 billion. Capri had a trailing twelve-month return on equity of 36.64% and a net margin of 12.66%. The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.22 EPS.

ETFs with the largest weight of Capri (NYSE:CPRI) stock in their portfolio include Invesco S&P MidCap Quality ETF (XMHQ), Fidelity Small-Mid Cap Opportunities ETF (FSMO), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), Fidelity Blue Chip Growth ETF (FBCG), iShares S&P Mid-Cap 400 Value ETF (IJJ), SPDR S&P 400 Mid Cap Value ETF (MDYV) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC).

Capri declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 9th 2022, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 14.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Capri issued an update on its FY24 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of $6.40 for the period, compared to the consensus earnings per share estimate of $7.24. The company issued revenue guidance of $5.8 billion, compared to the consensus revenue estimate of $6.02 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 number of retail and institutional investors. Top institutional shareholders include Senvest Management LLC (5.30%), Dimensional Fund Advisors LP (1.87%), Arrowstreet Capital Limited Partnership (1.69%), Geode Capital Management LLC (1.41%), Morgan Stanley (1.14%) and Norges Bank (1.10%). 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.
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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 $43.34.

Capri (NYSE:CPRI) has a market capitalization of $5.45 billion and generates $5.65 billion in revenue each year. The company earns $822 million in net income (profit) each year or $5.29 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.