Telsey Advisory Group Predicts Capri FY2028 Earnings

Capri Holdings Limited (NYSE:CPRI) – Research analysts at Telsey Advisory Group issued their FY2028 earnings estimates for Capri in a report released on Thursday, October 30th. Telsey Advisory Group analyst D. Telsey forecasts that the company will earn $2.35 per share for the year. Telsey Advisory Group has a “Market Perform” rating and a $22.00 price target on the stock. The consensus estimate for Capri’s current full-year earnings is $0.98 per share.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The business had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year.

CPRI has been the topic of a number of other research reports. UBS Group increased their price target on Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. BTIG Research started coverage on Capri in a research note on Tuesday, October 14th. They set a “buy” rating and a $30.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Capri in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Capri from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $21.00 to $30.00 in a report on Wednesday, August 13th. Finally, Raymond James Financial upgraded shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Capri presently has an average rating of “Hold” and an average target price of $24.43.

Capri Price Performance

NYSE:CPRI opened at $20.71 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. Capri has a 52 week low of $11.86 and a 52 week high of $26.23. The stock’s 50-day moving average price is $21.01 and its 200-day moving average price is $19.09. The stock has a market capitalization of $2.47 billion, a PE ratio of -2.20, a price-to-earnings-growth ratio of 0.45 and a beta of 1.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Capri during the first quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Capri during the first quarter worth about $30,000. Quantbot Technologies LP acquired a new position in Capri during the second quarter worth about $39,000. CWM LLC grew its stake in Capri by 37.2% during the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after acquiring an additional 640 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Capri by 267.3% in the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock valued at $46,000 after acquiring an additional 1,711 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.