Capri - CPRI Stock Forecast, Price & News

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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPRI. Telsey Advisory Group reaffirmed a "market perform" rating on shares of Capri in a report on Thursday, May 26th. Cowen lowered their price target on Capri from $80.00 to $70.00 in a report on Thursday, June 2nd. Cowen lowered their price target on Capri from $80.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, June 2nd. Barclays upped their price target on Capri from $66.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, August 11th. Finally, StockNews.com downgraded Capri from a "buy" rating to a "hold" rating in a report on Monday, August 8th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Capri presently has a consensus rating of "Moderate Buy" and an average price target of $71.00.

Capri Price Performance

NYSE:CPRI traded up $0.34 during trading on Wednesday, hitting $53.80. 3,089,133 shares of the stock traded hands, compared to its average volume of 2,419,840. The company has a market capitalization of $7.68 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.75 and a beta of 2.27. The firm has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $50.91. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. Capri has a 12-month low of $36.90 and a 12-month high of $72.37.

Capri (NYSE:CPRI - Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.14. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.30 billion. Capri had a return on equity of 36.51% and a net margin of 13.96%. The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS. As a group, analysts predict that Capri will post 6.84 EPS for the current year.

Insider Activity

In related news, CEO John D. Idol sold 3,803 shares of the firm's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $49.63, for a total transaction of $188,742.89. Following the completion of the sale, the chief executive officer now directly owns 933,268 shares of the company's stock, valued at approximately $46,318,090.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company's stock.