Capri (NYSE:CPRI) Issues Earnings Results, Beats Estimates By $0.04 EPS

Capri (NYSE:CPRI) posted its quarterly earnings results on Tuesday. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04, FiscalAI reports. Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%.

Capri Stock Performance

Shares of NYSE CPRI opened at $23.12 on Tuesday. The firm’s 50 day moving average price is $25.19 and its 200-day moving average price is $22.37. Capri has a 52-week low of $11.86 and a 52-week high of $28.26. The company has a market cap of $2.75 billion, a PE ratio of -2.35, a P/E/G ratio of 0.44 and a beta of 1.45.

Insider Transactions at Capri

In other Capri news, CFO Rajal Mehta sold 10,000 shares of Capri stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total value of $259,600.00. Following the completion of the sale, the chief financial officer owned 741 shares of the company’s stock, valued at approximately $19,236.36. This trade represents a 93.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Capri

A number of institutional investors have recently made changes to their positions in CPRI. Quantbot Technologies LP bought a new stake in Capri in the 2nd quarter worth approximately $39,000. Headlands Technologies LLC bought a new stake in shares of Capri in the second quarter worth $139,000. State of Wyoming purchased a new stake in Capri during the second quarter valued at $173,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Capri by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock valued at $218,000 after acquiring an additional 1,313 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Capri during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPRI. Jefferies Financial Group assumed coverage on Capri in a research report on Wednesday, January 14th. They set a “hold” rating and a $24.00 price target on the stock. Zacks Research downgraded shares of Capri from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Guggenheim raised shares of Capri to a “strong-buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group started coverage on shares of Capri in a research note on Thursday, January 8th. They set a “neutral” rating and a $27.00 price objective for the company. Finally, Raymond James Financial upgraded Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.50.

Capri Company Profile

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.