Capri (NYSE:CPRI) Releases Earnings Results, Beats Expectations By $0.11 EPS

Capri (NYSE:CPRI) issued its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11, FiscalAI reports. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.

Capri Trading Up 0.8%

Shares of NYSE CPRI opened at $18.63 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07. The business has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $21.56. The firm has a market cap of $2.22 billion, a PE ratio of -4.37, a price-to-earnings-growth ratio of 0.29 and a beta of 1.43. Capri has a twelve month low of $16.22 and a twelve month high of $28.26.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPRI. The Goldman Sachs Group decreased their price target on Capri from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Capri in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $22.00 price target on shares of Capri in a research note on Wednesday, February 4th. Wells Fargo & Company decreased their price target on Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on Capri from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.92.

Insiders Place Their Bets

In other news, CEO John D. Idol bought 55,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $17.98 per share, with a total value of $988,900.00. Following the transaction, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Capri during the 4th quarter valued at $53,759,000. Dimensional Fund Advisors LP raised its position in Capri by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,607,663 shares of the company’s stock valued at $39,227,000 after purchasing an additional 182,562 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Capri by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,711 shares of the company’s stock valued at $38,740,000 after purchasing an additional 34,595 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Capri by 25.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,420,124 shares of the company’s stock valued at $34,651,000 after purchasing an additional 288,604 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

About Capri

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.