Capri Holdings Limited (NYSE:CPRI) Stock Has Average Target Price of $21.93

Capri Holdings Limited (NYSE:CPRI) has received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.93.

Several research analysts have recently commented on the stock. BTIG Research dropped their price target on shares of Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. UBS Group decreased their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating on shares of Capri in a research report on Tuesday, September 22nd. TD Cowen lowered Capri from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $17.00 in a report on Thursday, August 6th. Finally, Wells Fargo & Company reduced their price target on Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th.

Capri Stock Up 1.9%

CPRI opened at $14.96 on Monday. The company has a market capitalization of $1.70 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.32 and a beta of 1.35. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. Capri has a fifty-two week low of $12.40 and a fifty-two week high of $28.26. The business has a 50-day moving average of $14.40 and a 200-day moving average of $17.09.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.40 by $0.27. The business had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Equities research analysts forecast that Capri will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPRI. Norges Bank bought a new stake in Capri during the fourth quarter worth approximately $50,228,000. Segall Bryant & Hamill LLC raised its position in shares of Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after purchasing an additional 1,314,611 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Capri by 34.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after buying an additional 557,955 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of Capri during the 1st quarter worth $23,784,000. Finally, Melqart Asset Management UK Ltd boosted its holdings in shares of Capri by 6.1% during the 4th quarter. Melqart Asset Management UK Ltd now owns 618,978 shares of the company’s stock worth $15,103,000 after buying an additional 35,717 shares during the period. 84.34% of the stock is owned by institutional investors.

Capri Company Profile

Capri Holdings Limited is a global luxury fashion company whose portfolio has historically included the Michael Kors, Versace and Jimmy Choo brands. The company develops, markets and distributes luxury apparel, accessories, footwear, handbags, watches, jewelry, fragrances and related lifestyle products.

Michael Kors offers American sportswear and accessories, while Jimmy Choo is known for luxury footwear, handbags and accessories. Versace has been associated with Italian luxury fashion, including apparel, accessories, footwear, home goods and fragrances.