The Goldman Sachs Group Lowers Capri (NYSE:CPRI) Price Target to $18.00

Capri (NYSE:CPRI) had its target price cut by equities researchers at The Goldman Sachs Group from $21.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 13.12% from the stock’s previous close.

A number of other equities analysts also recently commented on CPRI. Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Capri in a report on Thursday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings raised shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Robert W. Baird dropped their price objective 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. Finally, BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.33.

Capri Stock Down 3.7%

NYSE:CPRI opened at $15.91 on Thursday. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.41. Capri has a one year low of $15.19 and a one year high of $28.26. The stock has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $19.21. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.27. The firm had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $756.25 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.Capri’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts predict that Capri will post 2.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently modified their holdings of CPRI. Arrowstreet Capital Limited Partnership acquired a new position in shares of Capri in the 4th quarter worth $53,759,000. Norges Bank purchased a new stake in shares of Capri during the fourth quarter valued at $50,228,000. Cooper Creek Partners Management LLC acquired a new position in shares of Capri in the 1st quarter valued at $23,784,000. Segall Bryant & Hamill LLC boosted its position in shares of Capri by 92.6% in the 1st 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. Finally, State Street Corp increased its stake in Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after purchasing an additional 724,967 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Key Capri News

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal first-quarter EPS of $0.67, well above the $0.40 analyst consensus and up from $0.50 a year earlier. Revenue of $769 million also exceeded estimates of $756.25 million, providing evidence that recent cost controls or operational improvements are supporting profitability. Capri Holdings Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: JPMorgan maintained an “overweight” rating while lowering its price target from $29 to $22, suggesting the analyst still sees substantial long-term upside if Capri’s brands stabilize. JPMorgan Price Target Update

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.