Capri (NYSE:CPRI) Stock Rating Upgraded by The Goldman Sachs Group

Capri (NYSE:CPRI) was upgraded by equities research analysts at The Goldman Sachs Group to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

CPRI has been the topic of several other research reports. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Guggenheim upgraded Capri to a “strong-buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a research note on Wednesday, October 8th. Robert W. Baird set a $26.00 price target on Capri in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Capri in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $27.00.

Capri Price Performance

CPRI opened at $26.15 on Thursday. The stock’s 50 day moving average price is $24.39 and its 200 day moving average price is $21.64. The stock has a market cap of $3.12 billion, a P/E ratio of -2.66, a P/E/G ratio of 0.52 and a beta of 1.45. Capri has a 12 month low of $11.86 and a 12 month high of $28.26.

Capri (NYSE:CPRI) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.17). The business had revenue of $856.00 million during the quarter, compared to the consensus estimate of $825.74 million. Capri had a negative return on equity of 138.53% and a negative net margin of 29.55%.Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. Equities analysts anticipate that Capri will post 0.98 EPS for the current year.

Insider Activity at Capri

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

Institutional Investors Weigh In On Capri

Several hedge funds have recently modified their holdings of CPRI. Royal Bank of Canada raised its holdings in Capri by 70.0% during the 1st quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock worth $7,514,000 after buying an additional 156,757 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Capri by 48.8% in 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. increased its position in shares of Capri by 13.5% in 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 holdings in shares of Capri by 22.4% during the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after acquiring an additional 139,809 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Capri by 23.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock valued at $8,337,000 after acquiring an additional 80,928 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.