Capri (NYSE:CPRI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Capri (NYSE:CPRI) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Several other research firms have also commented on CPRI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Capri in a research report on Wednesday, October 8th. Raymond James Financial upgraded shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Tuesday, October 21st. UBS Group increased their price target on shares of Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Telsey Advisory Group raised their price objective on shares of Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Capri has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Capri Price Performance

Shares of CPRI traded up $0.61 during trading hours on Thursday, reaching $22.11. The company had a trading volume of 2,170,144 shares, compared to its average volume of 3,363,983. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The firm has a 50 day simple moving average of $21.05 and a 200-day simple moving average of $19.19. Capri has a 12-month low of $11.86 and a 12-month high of $26.23. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -2.35, a PEG ratio of 0.45 and a beta of 1.90.

Capri (NYSE:CPRI) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.17). The firm had revenue of $856.00 million during the quarter, compared to analyst estimates of $825.74 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%. Capri has set its Q3 2026 guidance at 0.700-0.80 EPS. FY 2026 guidance at 1.200-1.400 EPS. Research analysts expect that Capri will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Capri in the 2nd quarter valued at about $55,906,000. American Century Companies Inc. lifted its holdings in shares of Capri by 143.3% during the 1st quarter. American Century Companies Inc. now owns 2,039,887 shares of the company’s stock worth $40,247,000 after acquiring an additional 1,201,488 shares during the period. Jennison Associates LLC acquired a new stake in shares of Capri in the first quarter worth approximately $17,559,000. Geode Capital Management LLC grew its holdings in Capri by 42.2% in the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after purchasing an additional 855,330 shares during the period. Finally, State Street Corp increased its position in Capri by 19.3% during the second 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 during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.