Capri (NYSE:CPRI) Trading 8.2% Higher – Should You Buy?

Capri Holdings Limited (NYSE:CPRI)’s stock price traded up 8.2% on Friday . The stock traded as high as $13.81 and last traded at $13.9350. 3,863,590 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 3,361,996 shares. The stock had previously closed at $12.88.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPRI. Robert W. Baird dropped their price target on shares of Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Wall Street Zen upgraded shares of Capri from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. BTIG Research lowered their price objective on Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.93.

Capri Stock Up 7.8%

The stock has a market capitalization of $1.58 billion, a PE ratio of 10.68, a P/E/G ratio of 0.30 and a beta of 1.38. The firm has a 50 day moving average of $15.23 and a two-hundred day moving average of $17.69. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. The company had revenue of $769.00 million for the quarter, compared to the consensus estimate of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%.Capri’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. 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 anticipate that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Institutional Trading of Capri

Several large investors have recently modified their holdings of CPRI. Engineers Gate Manager LP purchased a new position in shares of Capri during the 2nd quarter worth approximately $3,804,000. Squarepoint Ops LLC purchased a new stake in Capri in the 2nd quarter valued at approximately $4,878,000. Corient Private Wealth LP lifted its stake in Capri by 8.1% in the 2nd quarter. Corient Private Wealth LP now owns 111,959 shares of the company’s stock valued at $2,079,000 after buying an additional 8,404 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Capri in the 2nd quarter valued at approximately $600,000. Finally, California State Teachers Retirement System grew its holdings in Capri by 1,716.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,445,186 shares of the company’s stock valued at $45,407,000 after buying an additional 2,310,584 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.