Capri (NYSE:CPRI) Updates FY 2026 Earnings Guidance

Capri (NYSE:CPRI) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.300-1.400 for the period, compared to the consensus EPS estimate of 1.390. The company issued revenue guidance of $3.5 billion-$3.5 billion, compared to the consensus revenue estimate of $3.5 billion.

Capri Trading Down 13.2%

CPRI stock opened at $20.08 on Wednesday. Capri has a 12-month low of $11.86 and a 12-month high of $28.26. The business’s 50-day moving average is $25.09 and its 200 day moving average is $22.38. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -2.04, a PEG ratio of 0.45 and a beta of 1.45.

Capri (NYSE:CPRI) last released its earnings results on Tuesday, February 3rd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Capri had a negative return on equity of 138.53% and a negative net margin of 29.55%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $999.84 million. During the same quarter last year, the business posted $0.63 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. As a group, equities analysts forecast that Capri will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CPRI. Barclays reaffirmed an “overweight” rating and set a $32.00 target price on shares of Capri in a report on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Friday, January 30th. Raymond James Financial raised Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 21st. Jefferies Financial Group assumed coverage on Capri in a report on Wednesday, January 14th. They issued a “hold” rating and a $24.00 target price for the company. Finally, Citigroup upgraded Capri from a “buy” rating to a “mixed” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.43.

Insider Activity

In other Capri news, CFO Rajal Mehta sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total value of $259,600.00. Following the transaction, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. This represents a 93.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Key Stories Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Q3 adjusted EPS beat expectations — Capri reported adjusted EPS of $0.81 versus the street at $0.78, showing improvement versus the prior year and supporting the near-term earnings story. Capri Holdings (CPRI) Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its annual revenue forecast, citing strength at Jimmy Choo and steady demand for handbags/apparel, which provided an upside catalyst and helped lift sentiment. Michael Kors parent Capri hikes annual revenue forecast
• Neutral Sentiment: FY2026 EPS guidance was issued at $1.30–$1.40 (roughly in line with consensus), so there’s no major upside surprise on full-year earnings visibility. Capri Holdings Q3 press release / slide deck
• Neutral Sentiment: One-time items — proceeds from the Versace sale helped swing the company to GAAP profitability this quarter, which boosts reported EPS but may not signal recurring margin improvement. Capri Swings to a Profit as Versace Sale Offsets Revenue Drop
• Negative Sentiment: Revenue fell ~4% year-over-year to roughly $1.02–1.03B and management flagged ongoing margin pressures; several outlets noted the top-line weakness as a reason shares pared gains. Capri Holdings shares slip on Q3 revenue decline, margin pressures
• Negative Sentiment: GAAP metrics remain strained (negative net margin and ROE on reported basis), so investors are weighing the quality of earnings and sustainability of margin recovery. Capri earnings summary and metrics

Institutional Trading of Capri

A number of large investors have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new stake in shares of Capri in the 3rd quarter valued at $247,000. Integrated Wealth Concepts LLC increased its holdings in Capri by 4.9% in the third quarter. Integrated Wealth Concepts LLC now owns 20,246 shares of the company’s stock valued at $403,000 after buying an additional 940 shares during the last quarter. Gotham Asset Management LLC raised its stake in Capri by 41.4% in the third quarter. Gotham Asset Management LLC now owns 229,247 shares of the company’s stock valued at $4,567,000 after buying an additional 67,114 shares in the last quarter. Bank of America Corp DE raised its stake in Capri by 10.3% in the third quarter. Bank of America Corp DE now owns 765,097 shares of the company’s stock valued at $15,241,000 after buying an additional 71,248 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Capri during the 3rd quarter worth about $3,568,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.