Telsey Advisory Group Has Lowered Expectations for Capri (NYSE:CPRI) Stock Price

Capri (NYSE:CPRIGet Free Report) had its price target dropped by stock analysts at Telsey Advisory Group from $23.00 to $21.00 in a research note issued on Thursday. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 15.10% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CPRI. JPMorgan Chase & Co. upped their target price on Capri from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Raymond James Financial reissued an “outperform” rating and issued a $22.00 price objective on shares of Capri in a research report on Thursday. UBS Group reissued a “neutral” rating and issued a $22.00 price objective on shares of Capri in a research report on Wednesday, February 4th. Barclays cut their target price on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, TD Cowen restated a “buy” rating on shares of Capri in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.14.

Get Our Latest Analysis on CPRI

Capri Trading Down 1.4%

Shares of NYSE CPRI opened at $18.25 on Thursday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -4.28, a PEG ratio of 0.29 and a beta of 1.43. The business has a 50 day simple moving average of $18.77 and a 200 day simple moving average of $21.53. Capri has a 52 week low of $16.22 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14.

Capri (NYSE:CPRIGet Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $800.04 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($4.90) earnings per share. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, research analysts predict that Capri will post 1.39 earnings per share for the current fiscal year.

Insider Activity at Capri

In other news, CEO John D. Idol bought 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the purchase, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. This trade represents a 2.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPRI. Royal Bank of Canada raised its stake in Capri by 70.0% during the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock worth $7,514,000 after acquiring an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Capri by 48.8% during the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after acquiring an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Capri by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after acquiring an additional 1,313 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Capri by 22.4% during the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock worth $15,084,000 after acquiring an additional 139,809 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Capri by 23.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock worth $8,337,000 after acquiring an additional 80,928 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri News Roundup

Here are the key news stories impacting Capri this week:

Capri Company Profile

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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.

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Analyst Recommendations for Capri (NYSE:CPRI)

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