Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.
Capri Trading Up 3.4 %
Shares of Capri stock traded up $1.65 during trading on Wednesday, reaching $50.24. 67,062 shares of the company were exchanged, compared to its average volume of 2,435,512. The company has a quick ratio of 0.51, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. Capri has a twelve month low of $36.90 and a twelve month high of $72.37. The business has a 50-day moving average price of $46.17 and a 200-day moving average price of $51.07. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.65 and a beta of 2.27.
Capri (NYSE:CPRI - Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.14. Capri had a return on equity of 36.48% and a net margin of 14.54%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. The company's revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that Capri will post 6.82 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CPRI. Barclays decreased their target price on Capri from $74.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, June 2nd. The Goldman Sachs Group dropped their price target on Capri from $69.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, July 21st. Cowen dropped their price target on Capri from $80.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, June 2nd. TheStreet lowered Capri from a "b" rating to a "c+" rating in a research report on Wednesday, June 1st. Finally, Citigroup decreased their price target on Capri from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, June 2nd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.44.
Insider Buying and Selling at Capri
In other news, CEO John D. Idol sold 3,803 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $49.63, for a total value of $188,742.89. Following the sale, the chief executive officer now directly owns 933,268 shares in the company, valued at $46,318,090.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.