Capri - CPRI Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Capri in the last year. There are currently 3 hold ratings and 10 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.

13 equities research analysts have issued 1 year price targets for Capri's shares. Their CPRI share price forecasts range from $55.00 to $75.00. On average, they anticipate the company's stock price to reach $67.00 in the next year. This suggests that the stock has a possible downside of 1.4%.
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Capri's stock was trading at $57.32 on January 1st, 2023. Since then, CPRI shares have increased by 18.6% and is now trading at $67.96.
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Capri saw a decrease in short interest in January. As of January 15th, there was short interest totaling 4,940,000 shares, a decrease of 11.8% from the December 31st total of 5,600,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 2.8 days. Currently, 3.9% of the shares of the company are short sold.
View Capri's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CPRI earnings forecast.

Capri will be holding an earnings conference call on Wednesday, February 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735207".

Capri Holdings Limited (NYSE:CPRI) issued its quarterly earnings results on Wednesday, November, 9th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.24. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Capri had a trailing twelve-month return on equity of 38.60% and a net margin of 14.10%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 earnings per share.

Capri announced that its board has authorized a stock buyback 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 shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Capri updated its third quarter 2023 earnings guidance on Friday, December, 9th. The company provided EPS guidance of $2.20-$2.20 for the period, compared to the consensus EPS 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 a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.44%), Todd Asset Management LLC (0.40%), Bank of Montreal Can (0.29%), Adams Diversified Equity Fund Inc. (0.22%), Fisher Asset Management LLC (0.22%) and New York State Common Retirement Fund (0.19%). 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 $67.96.

Capri (NYSE:CPRI) has a market capitalization of $8.75 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.