Capri (NYSE:CPRI) Upgraded to Hold at The Goldman Sachs Group

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

CPRI has been the subject of several other reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $27.00 target price (up from $25.00) on shares of Capri in a research note on Tuesday, December 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Capri in a research report on Tuesday. Telsey Advisory Group increased their target price on shares of Capri from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Citigroup initiated coverage on Capri in a research note on Monday, January 5th. They set a “buy” rating and a $31.00 price target on the stock. Finally, Zacks Research downgraded Capri from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average price target of $27.00.

Capri Stock Down 0.1%

Shares of NYSE:CPRI opened at $26.15 on Thursday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -2.66, a PEG ratio of 0.52 and a beta of 1.45. The business has a 50 day moving average price of $24.39 and a 200 day moving average price of $21.64. Capri has a twelve month low of $11.86 and a twelve month high of $28.26.

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

Insider Transactions at Capri

In other Capri news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the transaction, the chief financial officer owned 741 shares in the company, valued at $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capri

Large investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its position in shares of Capri by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock worth $695,000 after buying an additional 483 shares during the period. Amalgamated Bank grew its position in Capri by 1.2% in the third quarter. Amalgamated Bank now owns 52,398 shares of the company’s stock valued at $1,044,000 after acquiring an additional 616 shares during the period. Nisa Investment Advisors LLC raised its stake in Capri by 17.0% during the third quarter. Nisa Investment Advisors LLC now owns 4,349 shares of the company’s stock worth $87,000 after acquiring an additional 632 shares in the last quarter. CWM LLC lifted its holdings in shares of Capri by 37.2% during the second quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after acquiring an additional 640 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Capri by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 17,906 shares of the company’s stock valued at $317,000 after acquiring an additional 671 shares during the period. 84.34% of the stock is currently owned by 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.